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

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

A number of other research firms have also commented on RIO. Barclays set a $164.00 price target on shares of Jazz Pharmaceuticals and gave the company a buy rating in a report on Wednesday, July 3rd. Societe Generale upgraded shares of Anglo American to a buy rating in a report on Thursday, May 23rd. Royal Bank of Canada reiterated an average rating and set a $48.00 price target on shares of in a report on Thursday, June 27th. Credit Suisse Group set a €19.00 ($22.09) price objective on shares of K&S and gave the stock a neutral rating in a report on Tuesday, May 14th. Finally, UBS Group set a $13.00 price objective on shares of Freeport-McMoRan and gave the stock a hold rating in a report on Wednesday, June 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 4,507.95 ($58.90).

LON:RIO opened at GBX 4,812.50 ($62.88) on Monday. The firm’s fifty day moving average price is GBX 4,738.93. Rio Tinto has a 52 week low of GBX 3,460.50 ($45.22) and a 52 week high of GBX 5,039 ($65.84). The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60. The company has a market cap of $61.87 billion and a price-to-earnings ratio of 6.11.

In other news, insider Jean-S√©bastien Jacques sold 4,011 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of GBX 4,510 ($58.93), for a total value of ¬£180,896.10 ($236,372.79).

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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