Rio Tinto’s (RIO) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Rio Tinto (LON:RIO) in a report issued on Friday morning.

A number of other analysts have also recently commented on RIO. HSBC set a GBX 4,950 ($64.68) price target on Rio Tinto and gave the stock a buy rating in a research report on Thursday, July 12th. UBS Group restated a buy rating and issued a GBX 4,700 ($61.41) price target on shares of Rio Tinto in a research report on Friday, July 13th. Deutsche Bank restated a hold rating on shares of Rio Tinto in a research report on Monday, July 16th. Credit Suisse Group set a GBX 5,000 ($65.33) target price on Rio Tinto and gave the stock a buy rating in a research report on Tuesday, July 17th. Finally, Cfra set a GBX 4,200 ($54.88) target price on Rio Tinto and gave the stock a neutral rating in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 4,196.47 ($54.83).

RIO traded down GBX 130 ($1.70) during midday trading on Friday, reaching GBX 3,849.50 ($50.30). The company had a trading volume of 4,515,931 shares, compared to its average volume of 4,860,000. Rio Tinto has a 1 year low of GBX 2,882.50 ($37.66) and a 1 year high of GBX 4,226.56 ($55.23).

In related news, insider Jean-Sébastien Jacques sold 7 shares of the stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of GBX 3,632 ($47.46), for a total transaction of £254.24 ($332.21).

Rio Tinto Company Profile

Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide, and salt), iron ore, thermal and metallurgical coal, and uranium, as well as sulphuric acid, rhenium, lead carbonate, and selenium.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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