A statement released earlier today by Jefferies International about Rio Tinto PLC (LON:RIO) maintains the target price at 2,800.00GBX
- Updated: September 19, 2016
Jefferies International held the estimated target of Rio Tinto PLC (LON:RIO) at 2,800GBX, stating a possible upside of 0.21%.
Previously on 9/19/2016, Haitong Securities reported on Rio Tinto PLC(LON:RIO) raised the target price from 2,783.00GBX to 2,790.00GBX that indicated a possible upside of 0.19%.
Displaying a price of 2,322.50GBX, Rio Tinto PLC (LON:RIO) traded 3.49% higher on the day. The last stock close is up 7.76% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same time period. The company has logged a 50-day moving average of 2,394.36GBX and two hundred day moving average of 2,189.22GBX. Volume of trade was was down over the average, with 3,868,271 shares of RIO changing hands under the typical 4,354,420 shares.
Rio Tinto PLC has a 52 week low of 1,557.00GBX and a one-year high of 2,621.00GBX with a price-earnings ratio of 1,072. RIO’s market capitalization is presently 0.0 GBX.
A total of 26 firms have issued a ratings update on the company. Five analysts rate the stock a strong buy, 10 analysts rate the company a buy, nine analyts rate the company a hold, three analysts rate the company to underperform, and finally one analystrate the company as sell with a one year target of 30.05GBX
General Information 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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