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.

WARNING: “UBS AG Analysts Give Rio Tinto plc (RIO) a GBX 4,000 Price Target” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/05/ubs-ag-analysts-give-rio-tinto-plc-rio-a-gbx-4000-price-target.html.

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.

Analyst Recommendations for Rio Tinto plc (LON:RIO)

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.