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Rio Tinto PLC (LON:RIO) target price held steady at 4,400.00GBX, reported today by Macquarie

Yesterday Rio Tinto PLC (LON:RIO) traded -0.53% lower at 3,668.50GBX. The company’s 50-day moving average is 3,597.01GBX and its 200-day moving average is 3,338.10GBX. The last stock close price is up 10.54% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 603,816 shares of the stock were exchanged, down from an average trading volume of 4,344,790

Rio Tinto PLC (LON:RIO) had its target price hold steady to 4,400.00GBX by Macquarie in a report released 10/18/2017. The new target price indicates a possible upside of 0.20% based on the company's last stock close price.

Previously on Friday October 13, 2017, Deutsche Bank reported about Rio Tinto PLC (LON:RIO) raised the target price from 4,300.00GBX to 4,500.00GBX. At the time, this indicated a possible upside of 0.25%.

See Chart Below

Rio Tinto PLC (LON:RIO)

Rio Tinto PLC has a 52 week low of 2,581.50GBX and a 52 week high of 3,784.50GBX with a P/E ratio of 10.76 The company’s market cap is currently 0 GBX.

In addition to Macquarie reporting its target price, a total of 26 firms have reported on the stock. The consensus target price is 30.05GBX with 5 firms rating the stock a strong buy, 10 firms rating the stock a buy, 9 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Rio Tinto PLC (LON:RIO)

Rio Tinto plc is a mining and metals company. The Company's business is finding, mining and processing mineral resources. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. The Company operates an iron ore business, supplying the global seaborne iron ore trade. Its Iron Ore product operations are located in the Pilbara region of Western Australia. The Aluminium business includes bauxite mines, alumina refineries and aluminum smelters. Its bauxite mines are located in Australia, Brazil and Guinea. The Copper & Diamonds segment has managed operations in Australia, Canada, Mongolia and the United States, and non-managed operations in Chile and Indonesia. The Energy & Minerals segment consists of mining, refining and marketing operations in over 10 countries, across six sectors: borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium.

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