JPMorgan Chase & Co. reissued their overweight rating on shares of Rio Tinto plc (LON:RIO) in a research note issued to investors on Monday, May 22nd. The brokerage currently has a GBX 4,150 ($53.31) price target on the stock.
Several other brokerages have also recently issued reports on RIO. Barclays PLC reissued an overweight rating and issued a GBX 4,490 ($57.68) price objective on shares of Rio Tinto plc in a report on Thursday, January 26th. HSBC Holdings plc reissued a buy rating and issued a GBX 4,000 ($51.38) price objective on shares of Rio Tinto plc in a report on Wednesday, April 19th. Macquarie reissued an outperform rating and issued a GBX 4,200 ($53.95) price objective on shares of Rio Tinto plc in a report on Tuesday, March 28th. Liberum Capital reissued a sell rating and issued a GBX 2,450 ($31.47) price objective on shares of Rio Tinto plc in a report on Tuesday, April 11th. Finally, Royal Bank of Canada set a GBX 4,400 ($56.52) price objective on Rio Tinto plc and gave the company a buy rating in a report on Saturday, May 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Rio Tinto plc has an average rating of Buy and an average target price of GBX 3,556.81 ($45.69).
Rio Tinto plc (LON RIO) opened at 3102.50 on Monday. Rio Tinto plc has a 12-month low of GBX 1,853.00 and a 12-month high of GBX 3,718.50. The firm has a 50-day moving average price of GBX 3,082.06 and a 200-day moving average price of GBX 3,233.02. The company’s market cap is GBX 55.82 billion.
n other news, insider Jean-Sébastien Jacques acquired 12 shares of Rio Tinto plc stock in a transaction that occurred on Monday, April 24th. The stock was purchased at an average price of GBX 3,043 ($39.09) per share, for a total transaction of ￡365.16 ($469.06).
