Rio Tinto PLC (LON:RIO) “Overweight” Rating Reconfirmed at JP Morgan Cazenove; The Target is Set to GBX 4100.00; Oppenheimer & Company Boosted By $411,265 Its Duke Energy New (DUK) Position

December 7, 2017 - By Vivian Park

London: In analysts report shared with investors and clients on 7 December, JP Morgan Cazenove restate their “Overweight” rating on shares of Rio Tinto PLC (LON:RIO). They currently have a GBX 4100.00 target on the firm. JP Morgan Cazenove’s target means a potential upside of 19.26% from the company’s last stock close.

Oppenheimer & Company Inc increased Duke Energy Corp New (DUK) stake by 4.01% reported in 2017Q2 SEC filing. Oppenheimer & Company Inc acquired 4,955 shares as Duke Energy Corp New (DUK)’s stock rose 6.39%. The Oppenheimer & Company Inc holds 128,524 shares with $10.74 million value, up from 123,569 last quarter. Duke Energy Corp New now has $61.82 billion valuation. The stock increased 0.40% or $0.35 during the last trading session, reaching $88.31. About 1.97M shares traded. Duke Energy Corporation (NYSE:DUK) has risen 8.31% since December 7, 2016 and is uptrending. It has underperformed by 8.39% the S&P500.

The stock decreased 1.87% or GBX 65.5 during the last trading session, reaching GBX 3433. About 1.91 million shares traded. Rio Tinto plc (LON:RIO) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 29 analysts covering Rio Tinto PLC (LON:RIO), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 66% are positive. Rio Tinto PLC has GBX 4525 highest and GBX 3 lowest target. GBX 3368.04’s average target is -1.89% below currents GBX 3433 stock price. Rio Tinto PLC had 515 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Overweight” on Friday, July 14. Macquarie Research maintained the shares of RIO in report on Thursday, July 6 with “Outperform” rating. On Wednesday, February 8 the stock rating was maintained by Liberum Capital with “Sell”. The rating was maintained by Macquarie Research on Friday, April 7 with “Outperform”. The firm has “Neutral” rating given on Thursday, June 30 by Credit Suisse. UBS maintained it with “Buy” rating and GBX 3500 target in Wednesday, January 25 report. The stock of Rio Tinto plc (LON:RIO) has “Buy” rating given on Wednesday, January 25 by HSBC. Deutsche Bank maintained the stock with “Buy” rating in Monday, July 25 report. The firm has “Overweight” rating given on Monday, January 18 by JP Morgan. The firm has “Outperform” rating given on Thursday, March 16 by RBC Capital Markets.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of 60.33 billion GBP. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 10.01 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Oppenheimer & Company Inc decreased Capital One Finl Corp (NYSE:COF) stake by 8,493 shares to 4,097 valued at $339,000 in 2017Q2. It also reduced Rydex Etf Trust (RSP) stake by 6,060 shares and now owns 56,292 shares. O Reilly Automotive Inc New (NASDAQ:ORLY) was reduced too.

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