Rio Tinto’s (RIO) Hold Rating Reiterated at Deutsche Bank

Rio Tinto (LON:RIO)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank in a note issued to investors on Wednesday.

A number of other research analysts have also commented on RIO. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 3,900 ($50.96) price target on shares of Rio Tinto in a report on Tuesday, June 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 5,000 ($65.33) target price on shares of Rio Tinto in a report on Tuesday, June 19th. UBS Group reaffirmed a “buy” rating and set a GBX 4,700 ($61.41) target price on shares of Rio Tinto in a report on Thursday, August 2nd. Goldman Sachs Group set a GBX 4,000 ($52.27) target price on Rio Tinto and gave the stock a “neutral” rating in a report on Wednesday. Finally, Cfra set a GBX 4,000 ($52.27) target price on Rio Tinto and gave the stock a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Rio Tinto currently has an average rating of “Hold” and an average target price of GBX 4,188.33 ($54.73).

Shares of RIO traded up GBX 56 ($0.73) during trading hours on Wednesday, reaching GBX 3,794 ($49.58). 4,594,678 shares of the company’s stock traded hands, compared to its average volume of 4,860,000. Rio Tinto has a twelve month low of GBX 2,882.50 ($37.66) and a twelve month high of GBX 4,226.56 ($55.23).

In related news, insider Jean-Sébastien Jacques sold 7 shares of the stock in a transaction on Thursday, July 19th. The stock was sold at an average price of GBX 4,078 ($53.29), for a total value of £285.46 ($373.00).

Rio Tinto Company Profile

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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