November 24, 2016 - By Adrian Mccoy
In an analyst report shared with investors on Thursday, 24 November, Rio Tinto (LON:RIO) stock “Overweight” was reaffirmed by Analysts at JP Morgan Cazenove. They currently have a GBX 3200.00 target price on the stock. JP Morgan Cazenove’s target price gives a potential upside of 3.03% from the company’s previous close.
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 -12.34% below today’s (GBX 3112) stock price. Rio Tinto PLC has been the topic of 364 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Rio Tinto plc (LON:RIO) rating on Thursday, May 5. Barclays Capital has “Overweight” rating and GBX 2300 price target. The firm has “Buy” rating by Jefferies given on Thursday, July 23. The stock of Rio Tinto plc (LON:RIO) has “Buy” rating given on Monday, April 25 by Deutsche Bank. The rating was maintained by Citigroup with “Buy” on Wednesday, September 30. The company was maintained on Tuesday, September 1 by Bernstein. The rating was maintained by UBS with “Neutral” on Friday, November 6. The firm has “Buy” rating by UBS given on Wednesday, December 9. The firm earned “Buy” rating on Wednesday, October 14 by Deutsche Bank. Citigroup maintained Rio Tinto plc (LON:RIO) rating on Wednesday, September 16. Citigroup has “Buy” rating and GBX 2700 price target. The stock of Rio Tinto plc (LON:RIO) has “Buy” rating given on Thursday, August 4 by Deutsche Bank.
About 3.12M 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 57.96 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1517.31 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 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 news for Rio Tinto plc (LON:RIO) were recently published by: Wsj.com, which released: “Probe Over Guinea Payments Led Rio Tinto to Fire Top Officials” on November 17, 2016. Prnewswire.com‘s article titled: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” and published on November 16, 2016 is yet another important article.
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By Adrian Mccoy