Rio Tinto PLC (LON:RIO) target price held steady at 3,050.00GBX, reported today by JP Morgan Cazenove
- Updated: September 18, 2016
Having a price of 2,376.75GBX, Rio Tinto PLC (LON:RIO) traded 0.76% lower on the day. With the last stock price close up 4.45% from the two hundred day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same period. The company has logged a 50-day average of 2,400.89GBX and 200-day average of 2,185.00GBX. Trade volume was was up over the average, with 4,978,021 shares of RIO changing hands over the typical 4,335,520 shares.
JP Morgan Cazenove held the price target of Rio Tinto PLC (LON:RIO) at 3,050GBX, reporting a possible upside of 0.28%,
On 8/03/2016, Canaccord Genuity released a statement about Rio Tinto PLC(LON:RIO) held the target price at 2,800.00GBX. At the time, this suggested an upside of 0.15%.
Also covering Rio Tinto PLC’s price target, a total of 26 analysts have released a research note on Rio Tinto PLC. The one year target stock price is 30.05GBX with five analysts rating the company a strong buy, 10 analysts rating the stock a buy, nine firms rating the stock a hold, three brokerages rating the stock to underperform, and lastly one analyst rating the stock as sell.
Rio Tinto PLC has a 52 week low of 1,557.00GBX and a 52 week high of 2,621.00GBX with a PE ratio of 1,037. RIO’s market cap is currently 0.0 GBX.
More 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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