UBS Group set a GBX 4,000 ($55.26) price objective on Rio Tinto (LON:RIO) in a research report released on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
RIO has been the subject of a number of other research reports. Morgan Stanley set a GBX 4,100 ($56.65) price objective on shares of Rio Tinto and gave the company a neutral rating in a research report on Thursday, January 11th. Barclays upped their price objective on shares of Rio Tinto from GBX 4,300 ($59.41) to GBX 4,500 ($62.17) and gave the company an overweight rating in a research report on Monday, January 8th. Citigroup reaffirmed a buy rating on shares of Rio Tinto in a research report on Wednesday, January 10th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 3,850 ($53.19) price objective on shares of Rio Tinto in a research report on Wednesday, January 17th. Finally, Liberum Capital upped their price objective on shares of Rio Tinto from GBX 2,450 ($33.85) to GBX 2,750 ($37.99) and gave the company a sell rating in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 4,127.63 ($57.03).
Rio Tinto (LON RIO) opened at GBX 3,928 ($54.27) on Tuesday. The company has a market cap of $71,310.00 and a PE ratio of 1,119.09. Rio Tinto has a 52-week low of GBX 2,882.50 ($39.82) and a 52-week high of GBX 4,226.56 ($58.39).
In other Rio Tinto news, insider Christopher Lynch sold 9,505 shares of the company’s stock in a transaction dated Monday, February 19th. The shares were sold at an average price of GBX 4,072 ($56.26), for a total transaction of £387,043.60 ($534,738.33).
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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.
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