Rio Tinto (RIO) Rating Reiterated by Jefferies Group

Rio Tinto (LON:RIO)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a research report issued on Tuesday. They currently have a GBX 4,200 ($56.53) target price on the stock. Jefferies Group’s price target points to a potential upside of 18.64% from the stock’s current price.

A number of other brokerages have also recently commented on RIO. HSBC restated a “buy” rating and set a GBX 4,000 ($53.84) price target on shares of Rio Tinto in a research note on Monday. Macquarie restated a “buy” rating on shares of Rio Tinto in a research note on Monday, November 6th. Societe Generale upgraded shares of Rio Tinto to a “buy” rating and raised their price target for the stock from GBX 3,600 ($48.45) to GBX 4,400 ($59.22) in a research note on Thursday, November 9th. J P Morgan Chase & Co raised their price target on shares of Rio Tinto from GBX 4,000 ($53.84) to GBX 4,100 ($55.18) and gave the stock an “overweight” rating in a research note on Tuesday, September 5th. Finally, Morgan Stanley set a GBX 3,700 ($49.80) price target on shares of Rio Tinto and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 3,954.75 ($53.23).

Rio Tinto (LON RIO) opened at GBX 3,540 ($47.64) on Tuesday. Rio Tinto has a one year low of GBX 2,882.50 ($38.80) and a one year high of GBX 4,226.56 ($56.89).

In related news, insider Jean-Sébastien Jacques purchased 10 shares of the stock in a transaction that occurred on Tuesday, October 17th. The stock was acquired at an average price of GBX 3,721 ($50.08) per share, with a total value of £372.10 ($500.81).

TRADEMARK VIOLATION WARNING: This piece was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at

Rio Tinto Company Profile

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 (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.


Leave a Reply

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