Rating Watching: London: Rio Tinto PLC (LON:RIO)’s Stock Had Its Overweight Rating Restated at JP Morgan Cazenove in Report Issued Today. Has GBX 3200.00 Target

November 24, 2016 - By Nellie Frank

Rio Tinto PLC (LON:RIO) Rating

JP Morgan Cazenove have a GBX 3200.00 target price on the stock. The target price suggests a potential upside of 3.03% from Rio Tinto PLC (LON:RIO)‘s last close price. This rating was revealed in a note on Thursday, 24 November.

Rio Tinto plc (LON:RIO) Ratings Coverage

Out of 29 analysts covering Rio Tinto PLC (LON:RIO), 19 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 66% are positive. GBX 4000 is the highest target while GBX 3 is the lowest. The GBX 2728.04 average target is -12.00% below today’s (GBX 3100) stock price. Rio Tinto PLC has been the topic of 364 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Friday, June 24. The company was maintained on Tuesday, July 19 by Canaccord Genuity. As per Friday, February 12, the company rating was maintained by Deutsche Bank. The rating was maintained by Credit Suisse on Friday, May 27 with “Neutral”. Jefferies maintained the shares of RIO in a report on Tuesday, January 12 with “Buy” rating. The stock has “Overweight” rating given by J.P. Morgan on Friday, November 20. The rating was maintained by JP Morgan with “Overweight” on Monday, November 7. The stock of Rio Tinto plc (LON:RIO) has “Hold” rating given on Monday, September 14 by Liberum Capital. The firm earned “Buy” rating on Friday, February 26 by Canaccord Genuity. As per Wednesday, July 27, the company rating was maintained by Canaccord Genuity.

About 990,619 shares traded hands. Rio Tinto plc (LON:RIO) has risen 39.59% since April 26, 2016 and is uptrending. It has outperformed by 34.18% the S&P500.

Rio Tinto plc is a mining company. The Firm focuses on finding, mining, processing and marketing the Earth’s mineral resources. The company has a market cap of 57.74 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1511.46 P/E ratio. The Company’s aluminum business includes bauxite mines, alumina refineries and aluminum smelters.

According to Zacks Investment Research, “Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium, dioxide feedstock, diamonds, talc and zircon. RTZ’s various mining operations are located in New Zealand, Australia, South Africa, Europe and Canada.”

RIO Company Profile

Rio Tinto plc, incorporated on March 30, 1962, is a mining company. The Firm focuses on finding, mining, processing and marketing the Earth’s mineral resources. The Company’s divisions include aluminum, copper & coal, diamonds & minerals, iron ore and Other Operations.

More recent Rio Tinto plc (LON:RIO) news were published by: Marketwatch.com which released: “Rio Tinto to sell Scottish aluminum assets” on November 23, 2016. Also Wsj.com published the news titled: “Probe Over Guinea Payments Led Rio Tinto to Fire Top Officials” on November 17, 2016. Wsj.com‘s news article titled: “Rio Tinto Executive Suspended, Another Steps Down Amid Payments Probe” with publication date: November 09, 2016 was also an interesting one.

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