Rio Tinto plc (LON:RIO) Receives Top pick Rating from Royal Bank Of Canada

Rio Tinto plc (LON:RIO)‘s stock had its “top pick” rating restated by stock analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, August 9th. They presently have a GBX 4,200 ($54.52) price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 22.47% from the stock’s previous close.

RIO has been the topic of several other reports. Barclays PLC restated an “overweight” rating and issued a GBX 4,300 ($55.82) price target on shares of Rio Tinto plc in a research note on Wednesday, May 3rd. J P Morgan Chase & Co set a GBX 3,950 ($51.28) price target on shares of Rio Tinto plc and gave the company a “buy” rating in a research note on Thursday, July 13th. Deutsche Bank AG restated a “buy” rating and issued a GBX 4,200 ($54.52) price target on shares of Rio Tinto plc in a research note on Thursday, August 3rd. Liberum Capital restated a “sell” rating and issued a GBX 2,400 ($31.16) price target on shares of Rio Tinto plc in a research note on Thursday, April 20th. Finally, Macquarie restated an “outperform” rating and issued a GBX 4,100 ($53.23) price target on shares of Rio Tinto plc in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 3,738.75 ($48.54).

Rio Tinto plc (LON:RIO) opened at 3429.50 on Wednesday. Rio Tinto plc has a 12-month low of GBX 2,253.50 and a 12-month high of GBX 3,718.50. The company’s market capitalization is GBX 61.49 billion. The stock’s 50 day moving average is GBX 3,434.82 and its 200-day moving average is GBX 3,285.27.

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In other news, insider Jean-Sébastien Jacques purchased 11 shares of the stock in a transaction on Monday, July 17th. The stock was purchased at an average price of GBX 3,501 ($45.45) per share, for a total transaction of £385.11 ($499.95). Also, insider W Sam H. Laidlaw purchased 7,500 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of GBX 3,420 ($44.40) per share, with a total value of £256,500 ($332,987.15).

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)

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