November 25, 2016 - By Marie Mckinney
The financial firm have set PT of GBX 3650.00 on Rio Tinto PLC (LON:RIO) shares. This is 17.33% from the stock close price. In a research report revealed to clients and investors on 25 November, JP Morgan Cazenove kept their Overweight rating on shares of RIO.
Out of 29 analysts covering Rio Tinto PLC (LON:RIO), 18 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 62% are positive. GBX 4000 is the highest target while GBX 3 is the lowest. The GBX 2770.35 average target is -11.05% below today’s (GBX 3114.5) stock price. Rio Tinto PLC has been the topic of 367 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Jefferies given on Monday, September 14. On Friday, July 29 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Hold” rating by SP Angel given on Thursday, August 6. The firm has “Overweight” rating given on Thursday, May 5 by JP Morgan. The firm has “Overweight” rating by JP Morgan given on Monday, November 7. The rating was maintained by Haitong Securities with “Buy” on Tuesday, February 2. As per Wednesday, September 16, the company rating was maintained by Goldman Sachs. The stock has “Speculative Buy” rating given by Beaufort Securities on Wednesday, December 16. The firm has “Buy” rating given on Monday, April 25 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, December 16 by Deutsche Bank.
About 1.49 million shares traded hands. Rio Tinto plc (LON:RIO) has risen 38.90% since April 27, 2016 and is uptrending. It has outperformed by 33.49% 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 58.02 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1520.01 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: Bloomberg.com, which released: “Rio Tinto Fires Two Senior Executives Amid Payment Probe” on November 16, 2016. Wsj.com‘s article titled: “Rio Tinto Executive Suspended, Another Steps Down Amid Payments Probe” and published on November 09, 2016 is yet another important article.
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