Rio Tinto plc (LON:RIO) had its price target lifted by equities research analysts at Jefferies Group from GBX 2,800 ($34.65) to GBX 3,100 ($38.37) in a research report issued on Friday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 20.34% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Citigroup Inc. lowered Rio Tinto plc to a “sell” rating and dropped their price objective for the company from GBX 2,600 ($32.18) to GBX 2,450 ($30.32) in a research note on Thursday. Canaccord Genuity increased their price objective on Rio Tinto plc from GBX 2,660 ($32.92) to GBX 2,800 ($34.65) and gave the company a “buy” rating in a research note on Wednesday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a GBX 3,230 ($39.98) price objective on shares of Rio Tinto plc in a research note on Monday, August 8th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,400 ($42.08) price objective on shares of Rio Tinto plc in a research note on Tuesday, October 4th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 1,925 ($23.82) price objective on shares of Rio Tinto plc in a research note on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 2,607.96 ($32.28).

Analyst Recommendations for Rio Tinto plc (LON:RIO)

Shares of Rio Tinto plc (LON:RIO) opened at 2635.00 on Friday. Rio Tinto plc has a 1-year low of GBX 1,557.00 and a 1-year high of GBX 2,800.00. The stock has a 50 day moving average of GBX 2,452.96 and a 200 day moving average of GBX 2,257.26. The company’s market cap is GBX 47.40 billion.

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The company also recently disclosed a dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, August 11th were paid a GBX 33.80 ($0.42) dividend. This represents a yield of 1.39%. The ex-dividend date of this dividend was Thursday, August 11th.

In other news, insider Jacques,Jean-Sébastien acquired 15 shares of Rio Tinto plc stock in a transaction on Monday, July 18th. The shares were acquired at an average price of GBX 2,433 ($30.11) per share, with a total value of £364.95 ($451.67).

Rio Tinto plc Company Profile

Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.

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