UBS AG Analysts Give Rio Tinto plc (RIO) a GBX 4,000 Price Target
Rio Tinto plc (LON:RIO) has been assigned a GBX 4,000 ($53.06) target price by investment analysts at UBS AG in a research report issued on Thursday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 10.76% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 4,300 ($57.04) price target on shares of Rio Tinto plc in a report on Thursday. HSBC Holdings plc set a GBX 3,900 ($51.73) price target on Rio Tinto plc and gave the company a “buy” rating in a report on Tuesday. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 4,100 ($54.38) price target on shares of Rio Tinto plc in a report on Sunday. Morgan Stanley set a GBX 3,430 ($45.50) price target on Rio Tinto plc and gave the company a “neutral” rating in a report on Monday, September 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a GBX 4,200 ($55.71) price target on shares of Rio Tinto plc in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 3,808.75 ($50.52).
Shares of Rio Tinto plc (LON RIO) opened at 3641.50 on Thursday. Rio Tinto plc has a 12 month low of GBX 2,550.05 and a 12 month high of GBX 3,784.50. The company’s market capitalization is GBX 65.29 billion. The firm has a 50-day moving average of GBX 3,570.68 and a 200 day moving average of GBX 3,317.41.
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In other Rio Tinto plc news, insider W Sam H. Laidlaw bought 7,500 shares of Rio Tinto plc stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of GBX 3,420 ($45.36) per share, for a total transaction of £256,500 ($340,230.80). Also, insider Jean-Sébastien Jacques bought 11 shares of Rio Tinto plc stock in a transaction dated Monday, July 17th. The shares were acquired at an average price of GBX 3,501 ($46.44) per share, with a total value of £385.11 ($510.82).
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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