Rio Tinto (RIO) Given a GBX 5,300 Price Target at JPMorgan Chase & Co.

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Rio Tinto (LON:RIO) has been given a GBX 5,300 ($69.25) target price by analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 12.71% from the stock’s previous close.

Other analysts have also issued reports about the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 4,500 ($58.80) price objective (down from GBX 4,600 ($60.11)) on shares of Rio Tinto in a research note on Monday, January 21st. HSBC set a GBX 4,755 ($62.13) price objective on shares of Rio Tinto and gave the stock a “buy” rating in a research note on Friday, January 18th. Goldman Sachs Group raised shares of Rio Tinto to a “buy” rating and upped their price objective for the stock from GBX 4,100 ($53.57) to GBX 5,000 ($65.33) in a research note on Tuesday, February 12th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 4,450 ($58.15) price objective on shares of Rio Tinto in a research note on Wednesday, February 27th. Finally, Barclays upped their price objective on shares of Rio Tinto from GBX 3,750 ($49.00) to GBX 4,100 ($53.57) and gave the stock an “equal weight” rating in a research note on Thursday, January 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. Rio Tinto presently has a consensus rating of “Hold” and a consensus price target of GBX 4,346.90 ($56.80).

LON:RIO opened at GBX 4,702.50 ($61.45) on Tuesday. Rio Tinto has a 1-year low of GBX 3,460.50 ($45.22) and a 1-year high of GBX 4,772.50 ($62.36). The stock has a market capitalization of $59.36 billion and a P/E ratio of 5.97. The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60.

In other Rio Tinto news, insider Jean-Sébastien Jacques sold 13,090 shares of the stock in a transaction dated Monday, March 4th. The shares were 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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