Rio Tinto plc (LON:RIO)‘s stock had its “neutral” rating reissued by stock analysts at Credit Suisse in a report released on Friday, Analyst Ratings Net reports. They currently have a GBX 2,100 ($30.21) price objective on the stock. Credit Suisse’s price objective would suggest a potential upside of 23.82% from the stock’s current price.

Shares of Rio Tinto plc (LON:RIO) traded down 4.9528% during midday trading on Friday, hitting GBX 1612.0001. The stock had a trading volume of 4,770,406 shares. The stock’s market cap is GBX 29.44 billion. Rio Tinto plc has a 52 week low of GBX 1,557.00 and a 52 week high of GBX 3,280.00. The stock has a 50-day moving average of GBX 1,787.50 and a 200 day moving average of GBX 2,210.03.

Several other analysts have also weighed in on RIO. Liberum Capital reaffirmed a “hold” rating and set a GBX 2,090 ($30.07) price objective on shares of Rio Tinto plc in a report on Wednesday, October 7th. Goldman Sachs reaffirmed a “sell” rating and set a GBX 1,900 ($27.33) price objective on shares of Rio Tinto plc in a report on Friday, October 9th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 2,100 ($30.21) price objective on shares of Rio Tinto plc in a report on Thursday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Rio Tinto plc from GBX 3,000 ($43.16) to GBX 1,750 ($25.18) and set an “overweight” rating for the company in a report on Monday, January 18th. Finally, Societe Generale set a GBX 2,450 ($35.25) price objective on shares of Rio Tinto plc and gave the stock a “buy” rating in a report on Friday, October 2nd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,348.08 ($33.78).

In related news, insider Tellier,Paul acquired 356 shares of the business’s stock in a transaction that occurred on Wednesday, December 23rd. The shares were acquired at an average cost of GBX 2,014 ($28.97) per share, with a total value of £7,169.84 ($10,314.83).

Rio Tinto plc (LON:RIO) is a global mining company. Rio Tinto focuses on finding, mining, and processing the Earth’s mineral resources. The Company operates through five product groups, including aluminum, copper, diamonds and minerals, energy product and iron ore. Its aluminum product group includes business includes bauxite mines, large-scale alumina refineries aluminum smelters. The Company’s copper core properties include Rio Tinto Kennecott, Oyu Tolgoi, Escondida and Grasberg. Rio Tinto Kennecott supplies approximately 20% of United States refined copper requirements, and is a mining, concentrating, smelting and refining operations property. Rio Tinto Diamonds is a diamond producer, engaged in mining, manufacturing, selling and marketing diamonds. Rio Tinto’s Energy product group produces coal and uranium. Rio Tinto operates iron ore portfolio. Exploration joint ventures were established in Canada, the United States, Chile, Mexico and Australia.

Receive News & Ratings for Rio Tinto plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto plc and related companies with MarketBeat.com's FREE daily email newsletter.