Rio Tinto plc PT Raised to GBX 4,400 at Jefferies Group (RIO)
Jefferies Group hoisted their price target on shares of Rio Tinto plc (LON:RIO) from GBX 4,200 ($70.39) to GBX 4,400 ($73.74) in a research note issued on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 22.19% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Wednesday. They now have a GBX 4,125 ($69.13) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Wednesday. They now have a GBX 4,200 ($70.39) price target on the stock. Finally, analysts at Bank of America downgraded shares of Rio Tinto plc to a “neutral” rating in a research note on Friday, February 14th. They now have a GBX 3,800 ($63.68) price target on the stock, down previously from GBX 4,200 ($70.39). Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 3,806.68 ($63.80).
Rio Tinto plc (LON:RIO) traded up 0.21% during mid-day trading on Thursday, hitting GBX 3600.9998. The stock had a trading volume of 5,753,356 shares. Rio Tinto plc has a one year low of GBX 2579.22 and a one year high of GBX 3680.5601. The stock’s 50-day moving average is GBX 3325. and its 200-day moving average is GBX 3209.56. The company’s market cap is £66.564 billion.
The company also recently declared a dividend, which is scheduled for Thursday, April 10th. Stockholders of record on Wednesday, March 5th will be given a dividend of GBX 65.82 ($1.10) per share. This represents a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, March 5th.
Rio Tinto plc (LON:RIO) is an international mining company.
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