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.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.themarketsdaily.com/2017/06/17/jefferies-group-llc-reiterates-buy-rating-for-rio-tinto-plc-rio-updated-updated-updated.html.
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.
Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.