A statement released earlier today by Jefferies International about Rio Tinto PLC (LON:RIO) bumps the target price to 3,600.00GBX
- Updated: November 27, 2016
Having a price of 3,122.50GBX, Rio Tinto PLC (LON:RIO) traded 0.32% higher on the day. With the last stock price up 28.88% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. RIO has recorded a 50-day average of 2,838.65GBX and a two hundred day average of 2,414.85GBX. Trade Volume was down over the average, with 3,737,322 shares of RIO changing hands under the typical 4,755,400
In a statement issued on 11/28/2016 Jefferies International upped the price target of Rio Tinto PLC (LON:RIO) from 3,300.00GBX to 3,600.00GBX reporting a potential upside of 0.15%.
On 11/25/2016, JP Morgan Cazenove released a statement about Rio Tinto PLC (LON:RIO) upped the target price from 3,200.00GBX to 3,650.00GBX that suggested an upside of 0.17%.
Recent Performance Chart
Rio Tinto PLC has price-earnings ratio of 1,414.66 with a one year low of 1,557.00GBX and a one year high of 3,217.00GBX and has a total market value of 0 GBX.
A total of 26 equity analysts have released a ratings update on RIO. Five equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, nine equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year 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, supplying the seaborne iron ore trade across the world. Its iron ore mines are located in Australia and Canada.
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