Rio Tinto plc (RIO) Receives “Buy” Rating from Deutsche Bank AG

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Rio Tinto plc (LON:RIO)‘s stock had its “buy” rating restated by analysts at Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 3,230 ($43.02) price target on the stock. Deutsche Bank AG‘s target price would indicate a potential upside of 38.81% from the company’s current price.
In related news, insider Jacques,Jean-Sébastien acquired 15 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were bought at an average cost of GBX 2,433 ($32.41) per share, with a total value of £364.95 ($486.08).
Shares of Rio Tinto plc (LON:RIO) opened at 2327.00 on Tuesday. The firm has a 50-day moving average of GBX 2,420.93 and a 200 day moving average of GBX 2,161.35. The company’s market cap is GBX 41.86 billion. Rio Tinto plc has a one year low of GBX 1,557.00 and a one year high of GBX 2,621.00.

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The business also recently disclosed a dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, August 11th will be paid a GBX 33.80 ($0.45) dividend. This represents a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 11th.
Several other equities analysts have also recently weighed in on RIO. Macquarie reaffirmed an “outperform” rating and set a GBX 2,900 ($38.63) price target on shares of Rio Tinto plc in a research note on Thursday, August 4th. Beaufort Securities reaffirmed a “hold” rating on shares of Rio Tinto plc in a research note on Thursday, August 4th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Rio Tinto plc in a research note on Friday, May 27th. BNP Paribas raised their price target on shares of Rio Tinto plc from GBX 1,950 ($25.97) to GBX 2,000 ($26.64) and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, JPMorgan Chase & Co. set a GBX 3,000 ($39.96) price target on shares of Rio Tinto plc and gave the stock a “buy” rating in a research note on Thursday, July 14th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 2,487.28 ($33.13).
Rio Tinto plc (Rio Tinto) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters.

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