Rio Tinto (LON:RIO) Given a GBX 5,200 Price Target at HSBC

HSBC set a GBX 5,200 ($67.95) target price on Rio Tinto (LON:RIO) in a report published on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

RIO has been the topic of several other research reports. BNP Paribas lowered Rio Tinto to an underperform rating and raised their price target for the company from GBX 4,300 ($56.19) to GBX 4,500 ($58.80) in a research note on Thursday, April 11th. JPMorgan Chase & Co. restated a buy rating and set a $69.00 price target on shares of Daimler in a research note on Friday, July 12th. Societe Generale upgraded Anglo American to a buy rating in a research note on Thursday, May 23rd. Morgan Stanley set a $70.00 price target on Edison International and gave the company a hold rating in a research note on Monday. Finally, Liberum Capital restated a buy rating and set a GBX 810 ($10.58) price target on shares of in a research note on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. Rio Tinto currently has a consensus rating of Hold and an average price target of GBX 4,502.68 ($58.84).

Shares of Rio Tinto stock opened at GBX 4,829 ($63.10) on Monday. The stock has a market capitalization of $61.26 billion and a price-to-earnings ratio of 6.13. The company has a debt-to-equity ratio of 25.60, a quick ratio of 1.51 and a current ratio of 1.92. Rio Tinto has a 12 month low of GBX 3,460.50 ($45.22) and a 12 month high of GBX 5,039 ($65.84). The company’s fifty day moving average price is GBX 4,741.63.

In related news, insider Jean-Sébastien Jacques sold 8 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of GBX 4,596 ($60.05), for a total transaction of £367.68 ($480.44).

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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