Rating Action: Jefferies International Analyst Reaffirmed GBX 3600.00 Price Target on Rio Tinto PLC (LON:RIO) stock, While Reiterating “Buy” Rating

November 28, 2016 - By Marguerite Chambers

Rio Tinto PLC (LON:RIO) Rating

Jefferies International currently has a GBX 3600.00 target on the 58.74 billion GBP market cap company or 15.26% upside potential. In an analyst report revealed to investors on Monday morning, Rio Tinto PLC (LON:RIO) stock had its “Buy” Rating restate by stock analysts at Jefferies International.

Rio Tinto plc (LON:RIO) Ratings Coverage

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 2781.88 average target is -11.36% below today’s (GBX 3138.5) stock price. Rio Tinto PLC has been the topic of 368 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Friday, November 25 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Buy” rating given on Friday, August 7 by Beaufort Securities. Morgan Stanley maintained the stock with “Overwt/Attractive” rating in Tuesday, December 15 report. The company was maintained on Wednesday, January 20 by UBS. The company was maintained on Monday, October 12 by Nomura. The rating was maintained by Societe Generale on Thursday, February 11 with “Buy”. The stock has “Neutral” rating given by BNP Paribas on Friday, October 9. The firm earned “Buy” rating on Monday, July 4 by Deutsche Bank. The firm has “Buy” rating given on Tuesday, August 11 by Citigroup. The firm has “Buy” rating given on Monday, September 14 by Deutsche Bank.

About 796,587 shares traded hands. Rio Tinto plc (LON:RIO) has risen 33.63% since April 28, 2016 and is uptrending. It has outperformed by 27.62% 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 58.74 billion GBP. The Company’s divisions include aluminum, copper and coal, diamonds and minerals, and iron ore. It has a 1536.22 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 important recent Rio Tinto plc (LON:RIO) news were published by: Marketwatch.com which released: “Rio Tinto fires two execs amid Guinea corruption allegations” on November 17, 2016, also Seekingalpha.com published article titled: “Rio Tinto Is A ‘Buy’ At Current Levels”, Prnewswire.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on November 16, 2016. More interesting news about Rio Tinto plc (LON:RIO) was released by: Wsj.com and their article: “Rio Tinto Executive Suspended, Another Steps Down Amid Payments Probe” with publication date: November 09, 2016.

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