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Rio Tinto PLC (LON:RIO) target price increased to 2,900.00GBX, reported today by Macquarie

Macquarie upped the target price of Rio Tinto PLC (LON:RIO) to 2,900GBX, stating a possible upside of 0.21%.

Previously on 8/03/2016, Canaccord Genuity released a statement about Rio Tinto PLC(LON:RIO) bumped the target price at 2,800.00GBX that indicated a possible upside of 0.15%.

Just yesterday Rio Tinto PLC (LON:RIO) traded 0.76% lower at 2,389.50GBX. The company’s 50-day moving average is 2,400.89GBX and its 200-day average is 2,185.00GBX. The last stock price is up 4.45% relative to the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the date range. Volume of trade was was up over the average, with 4,978,021 shares of RIO changing hands over the typical 4,335,520 shares..

Recent Performance Graph:

Rio Tinto PLC (LON:RIO)

Rio Tinto PLC has a PE of 1,037 with a one-year low of 1,557.00GBX and a 52 week high of 2,621.00GBX. Rio Tinto PLC’s total market value is presently 0.0 GBX.

Also covering Rio Tinto PLC’s target price, a total of 26 equity analysts have released a research note on the company. The one year target is 30.05GBX with five firms rating the company a strong buy, 10 firms rating the stock a buy, nine firms rating the stock a hold, three brokerages rating the stock to underperform, and finally one brokeragerating the company as sell.

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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