Rio Tinto plc (LON:RIO) Given a GBX 3,700 Price Target at UBS AG

UBS AG set a GBX 3,700 ($48.18) price objective on Rio Tinto plc (LON:RIO) in a research report released on Wednesday, August 2nd, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 4,150 ($54.04) price objective on shares of Rio Tinto plc in a research note on Monday, May 22nd. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 4,200 ($54.69) price objective on shares of Rio Tinto plc in a research note on Wednesday, July 19th. Barclays PLC cut their price objective on shares of Rio Tinto plc from GBX 4,490 ($58.47) to GBX 4,300 ($56.00) and set an overweight rating for the company in a research note on Friday, April 21st. HSBC Holdings plc reaffirmed a buy rating and issued a GBX 4,000 ($52.09) price objective on shares of Rio Tinto plc in a research note on Wednesday, April 19th. Finally, Liberum Capital reaffirmed a sell rating and issued a GBX 2,450 ($31.91) price objective on shares of Rio Tinto plc in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Rio Tinto plc currently has a consensus rating of Buy and an average target price of GBX 3,733.75 ($48.62).

Rio Tinto plc (LON:RIO) opened at 3370.00 on Wednesday. The company’s market cap is GBX 60.42 billion. Rio Tinto plc has a 52 week low of GBX 2,253.50 and a 52 week high of GBX 3,718.50. The company has a 50-day moving average of GBX 3,400.74 and a 200 day moving average of GBX 3,288.57.

TRADEMARK VIOLATION NOTICE: This news story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.com-unik.info/2017/08/12/rio-tinto-plc-lonrio-given-a-gbx-3700-price-target-at-ubs-ag-updated.html.

The firm also recently declared a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 10th will be issued a dividend of GBX 83.13 ($1.08) per share. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 10th.

In other news, insider Jean-Sébastien Jacques bought 11 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was bought at an average cost of GBX 3,501 ($45.59) per share, for a total transaction of £385.11 ($501.51). Also, insider Christopher Lynch sold 7,582 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of GBX 3,108 ($40.47), for a total value of £235,648.56 ($306,874.02).

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