Rio Tinto (RIO) Rating Reiterated by Jefferies Group

Rio Tinto (LON:RIO)‘s stock had its “buy” rating restated by Jefferies Group in a report issued on Tuesday. They presently have a GBX 4,200 ($56.53) price target on the stock. Jefferies Group’s target price would indicate a potential upside of 22.32% from the stock’s previous close.

A number of other analysts have also weighed in on the company. HSBC restated a “buy” rating and issued a GBX 4,000 ($53.84) target price on shares of Rio Tinto in a research note on Monday. Macquarie reiterated a “buy” rating on shares of Rio Tinto in a research report on Monday, November 6th. Societe Generale upgraded Rio Tinto to a “buy” rating and lifted their price objective for the stock from GBX 3,600 ($48.45) to GBX 4,400 ($59.22) in a research report on Thursday, November 9th. J P Morgan Chase & Co raised their target price on Rio Tinto from GBX 4,000 ($53.84) to GBX 4,100 ($55.18) and gave the stock an “overweight” rating in a report on Tuesday, September 5th. Finally, Morgan Stanley set a GBX 3,700 ($49.80) target price on Rio Tinto and gave the stock a “neutral” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. Rio Tinto has a consensus rating of “Buy” and a consensus price target of GBX 3,987.25 ($53.66).

Rio Tinto (RIO) opened at GBX 3,433.50 ($46.21) on Tuesday. Rio Tinto has a 12 month low of GBX 2,882.50 ($38.80) and a 12 month high of GBX 4,226.56 ($56.89).

In other news, insider Jean-Sébastien Jacques purchased 10 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were acquired at an average price of GBX 3,721 ($50.08) per share, for a total transaction of £372.10 ($500.81). Also, insider Christopher Lynch purchased 26,066 shares of the business’s stock in a transaction on Friday, December 1st. The stock was purchased at an average price of GBX 3,490 ($46.97) per share, for a total transaction of £909,703.40 ($1,224,365.28).

ILLEGAL ACTIVITY NOTICE: “Rio Tinto (RIO) Rating Reiterated by Jefferies Group” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3079222/rio-tinto-rio-rating-reiterated-by-jefferies-group.html.

About Rio Tinto

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 (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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.