A statement released earlier today by Haitong Securities about Rio Tinto PLC (LON:RIO) bumps the target price to 2,790.00GBX
- Updated: September 18, 2016
Haitong Securities raised the estimated target of Rio Tinto PLC (LON:RIO) to 2,790GBX, indicating a possible upside of 0.19%.
On Thursday September 15 2016, JP Morgan Cazenove reported on Rio Tinto PLC(LON:RIO) bumped the target price from 3,050.00GBX to 3,150.00GBX that indicated a possible upside of 0.38%.
Showing a price of 2,342.50GBX, Rio Tinto PLC (LON:RIO) traded 0.76% lower on the day. The last stock price is up 4.45% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time. Rio Tinto PLC has registered a 50-day average of 2,400.89GBX and 200-day average of 2,185.00GBX. Trading volume was was up over the average, with 4,978,021 shares of RIO changing hands over the typical 4,335,520 shares.
Recent Performance Graph:
With a total market value of 0.0 GBX, Rio Tinto PLC has a price-earnings of 1,037 with a one-year low of 1,557.00GBX and a one-year high of 2,621.00GBX.
A total of 26 equity analysts have released a research note on RIO. Five firms rate the stock a strong buy, 10 analysts rate the company a buy, nine analyts rate the stock a hold, three firms rate the stock to underperform, and finally one analystrate the stock as sell with a consensus target of 30.05GBX
Brief Synopsis About Rio Tinto PLC (LON:RIO)
Rio Tinto plc is a mining company. The Company focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s segments include aluminum, copper and coal, diamonds and minerals, and iron ore. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters. The Company’s copper and coal business includes approximately four copper operating assets, including in the United States, Mongolia, Chile and Indonesia, and over six coal operations in Australia and South Africa, as well as development projects. The Company’s diamonds and minerals businesses include mining, refining and marketing operations across approximately five sectors. The Company operates an iron ore portfolio, and supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.
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