Rio Tinto plc (LON:RIO) Given “Neutral” Rating at Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) reissued their neutral rating on shares of Rio Tinto plc (LON:RIO) in a report published on Friday morning. Goldman Sachs Group, Inc. (The) currently has a GBX 2,900 ($37.87) target price on the stock.

A number of other equities analysts have also weighed in on RIO. UBS AG set a GBX 3,750 ($48.97) target price on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, April 20th. Macquarie restated an outperform rating and set a GBX 4,000 ($52.23) target price on shares of Rio Tinto plc in a research report on Thursday, July 6th. J P Morgan Chase & Co set a GBX 3,950 ($51.58) target price on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday. Royal Bank Of Canada set a GBX 4,200 ($54.84) target price on shares of Rio Tinto plc and gave the stock a buy rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG restated a buy rating and set a GBX 4,140 ($54.06) target price on shares of Rio Tinto plc in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Rio Tinto plc currently has an average rating of Buy and an average price target of GBX 3,668.24 ($47.90).

Shares of Rio Tinto plc (RIO) traded up 0.71% on Friday, reaching GBX 3472.50. 3,215,990 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 3,131.23 and its 200-day moving average is GBX 3,240.47. The stock’s market cap is GBX 62.47 billion. Rio Tinto plc has a 52-week low of GBX 2,253.50 and a 52-week high of GBX 3,718.50.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/07/17/rio-tinto-plc-lonrio-given-neutral-rating-at-goldman-sachs-group-inc-the.html.

In related news, insider Jean-Sébastien Jacques bought 12 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was bought at an average cost of GBX 3,043 ($39.74) per share, for a total transaction of £365.16 ($476.83). Also, insider Christopher Lynch sold 7,582 shares of Rio Tinto plc stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of GBX 3,108 ($40.59), for a total transaction of £235,648.56 ($307,715.54). In the last ninety days, insiders sold 7,599 shares of company stock worth $23,616,383.

About Rio Tinto plc

Rio Tinto plc is a mining and metals company. The Company’s business is finding, mining and processing mineral resources. The Company’s segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade.

Analyst Recommendations for Rio Tinto plc (LON:RIO)

What are top analysts saying about Rio Tinto plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rio Tinto plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit