Rio Tinto plc (RIO) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC reissued their buy rating on shares of Rio Tinto plc (LON:RIO) in a research report report published on Monday, May 15th. The firm currently has a GBX 3,800 ($48.07) target price on the stock.

A number of other analysts have also issued reports on the company. Macquarie restated an outperform rating and issued a GBX 4,100 ($51.87) target price on shares of Rio Tinto plc in a report on Friday, May 12th. Liberum Capital restated a sell rating and issued a GBX 2,400 ($30.36) target price on shares of Rio Tinto plc in a report on Wednesday, May 10th. HSBC Holdings plc reiterated a buy rating and set a GBX 4,000 ($50.60) price objective on shares of Rio Tinto plc in a report on Thursday, May 4th. Deutsche Bank AG reiterated a buy rating and set a GBX 4,140 ($52.37) price objective on shares of Rio Tinto plc in a report on Thursday, May 4th. Finally, Barclays PLC reiterated an overweight rating and set a GBX 4,300 ($54.40) price objective on shares of Rio Tinto plc in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 3,552.05 ($44.93).

Rio Tinto plc (LON:RIO) traded down 0.94% during trading on Monday, reaching GBX 3044.00. The company had a trading volume of 7,929,236 shares. The company has a 50-day moving average price of GBX 3,101.78 and a 200 day moving average price of GBX 3,240.34. The stock’s market cap is GBX 54.76 billion. Rio Tinto plc has a 52-week low of GBX 1,932.00 and a 52-week high of GBX 3,718.50.

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In other news, insider Jean-Sébastien Jacques sold 12 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of GBX 3,031 ($38.34), for a total value of £363.72 ($460.11). Also, insider Christopher Lynch sold 7,582 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of GBX 3,108 ($39.32), for a total transaction of £235,648.56 ($298,100.65). Insiders sold a total of 7,599 shares of company stock valued at $23,616,383 in the last three months.

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.

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