Jefferies International disclosed Rio Tinto PLC (LON:RIO), hiking its price target to 3,100.00GBX earlier today
- Updated: October 13, 2016
Reporting a potential upside of 0.18%, Jefferies International upped the price target of Rio Tinto PLC (LON:RIO) to 3,100.00GBX
On Thursday October 13, 2016, Liberum Capital released a statement about Rio Tinto PLC (LON:RIO) dropped the target price from 1,590.00GBX to 1,485.00GBX that suggested a downside of -0.43%.
Having a price of 2,634.75GBX, Rio Tinto PLC (LON:RIO) traded 2.41% higher on the day. With the last stock price up 16.87% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RIO has recorded a 50-day average of 2,452.96GBX and a two hundred day average of 2,257.26GBX. Trade Volume was down over the average, with 967,325 shares of RIO changing hands under the typical 4,422,410
Recent Performance Chart
Rio Tinto PLC has PE ratio of 1,199.09 with a one year low of 1,557.00GBX and a one year high of 2,800.00GBX and has a market capitalization of 0 GBX.
A total of 26 brokerages have released a report on Rio Tinto PLC. Five brokerages rating the company a strong buy, ten brokerages rating the company a buy, nine brokerages rating the company a hold, three brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of 30.05GBX.
General Company Details For 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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