Goldman Sachs Group Analysts Give Rio Tinto (RIO) a GBX 5,500 Price Target

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Rio Tinto (LON:RIO) has been assigned a GBX 5,500 ($71.87) price target by research analysts at Goldman Sachs Group in a report issued on Wednesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 19.57% from the company’s previous close.

Several other analysts have also weighed in on the company. Deutsche Bank reissued a “hold” rating and issued a GBX 4,250 ($55.53) target price on shares of Rio Tinto in a report on Thursday, February 28th. JPMorgan Chase & Co. set a GBX 5,300 ($69.25) target price on Rio Tinto and gave the company a “buy” rating in a report on Wednesday, April 10th. UBS Group reissued a “buy” rating on shares of Rio Tinto in a report on Friday, January 11th. Royal Bank of Canada set a GBX 3,100 ($40.51) target price on Rio Tinto and gave the company a “sell” rating in a report on Friday, January 25th. Finally, Oddo Securities raised Rio Tinto to a “neutral” rating and upped their target price for the company from GBX 3,800 ($49.65) to GBX 4,400 ($57.49) in a report on Monday, February 25th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 4,368.05 ($57.08).

Rio Tinto stock opened at GBX 4,600 ($60.11) on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.51 and a debt-to-equity ratio of 25.60. The firm has a market capitalization of $58.07 billion and a price-to-earnings ratio of 5.84. Rio Tinto has a fifty-two week low of GBX 3,460.50 ($45.22) and a fifty-two week high of GBX 4,772.50 ($62.36).

In related news, insider Jean-Sébastien Jacques sold 13,090 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 4,327 ($56.54), for a total transaction of £566,404.30 ($740,107.54).

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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