Rio Tinto PLC (LON:RIO) Stock Hold Rating Reiterated at HSBC; The Target Price is GBX 4200.00; BORALEX CL C ORDINARY SHARES (BRLXF) Shorts Lowered By 11.91%

March 28, 2018 - By Nellie Frank

The financial company have set target price per share of GBX 4200.00 on Rio Tinto PLC (LON:RIO) shares. This is 19.15% from the close price. In an analyst note released on 28 March, HSBC reiterated their Hold rating on shares of RIO.

BORALEX INC CL C ORDINARY SHARES (OTCMKTS:BRLXF) had a decrease of 11.91% in short interest. BRLXF’s SI was 416,400 shares in March as released by FINRA. Its down 11.91% from 472,700 shares previously. With 1,100 avg volume, 379 days are for BORALEX INC CL C ORDINARY SHARES (OTCMKTS:BRLXF)’s short sellers to cover BRLXF’s short positions. The SI to BORALEX INC CL C ORDINARY SHARES’s float is 0.59%. It closed at $16.85 lastly. It is down 0.00% since March 28, 2017 and is . It has underperformed by 11.55% the S&P500.

Boralex Inc., together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. The company has market cap of $1.29 billion. As of December 31, 2016, the firm had interests in 50 wind power stations with an installed capacity of 798 megawatts ; 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW. It has a 75.9 P/E ratio. It also operates two hydroelectric power stations on behalf of R.S.P.

The stock decreased 2.64% or GBX 95 during the last trading session, reaching GBX 3504.5. About 659,211 shares traded. Rio Tinto plc (LON:RIO) has 0.00% since March 28, 2017 and is . It has underperformed by 11.55% the S&P500.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of 61.05 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 7.2 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Among 29 analysts covering Rio Tinto PLC (LON:RIO), 17 have Buy rating, 2 Sell and 10 Hold. Therefore 59% are positive. Rio Tinto PLC has GBX 4700 highest and GBX 3 lowest target. GBX 3458.42’s average target is -1.31% below currents GBX 3504.5 stock price. Rio Tinto PLC had 538 analyst reports since July 23, 2015 according to SRatingsIntel. Barclays Capital maintained Rio Tinto plc (LON:RIO) on Wednesday, February 17 with “Overweight” rating. The stock of Rio Tinto plc (LON:RIO) earned “Neutral” rating by Macquarie Research on Friday, August 7. The firm has “Outperform” rating given on Friday, May 5 by Macquarie Research. On Wednesday, January 20 the stock rating was maintained by UBS with “Buy”. The firm earned “Buy” rating on Friday, January 15 by Nomura. The rating was maintained by Citigroup with “Buy” on Friday, July 31. The rating was maintained by Jefferies on Wednesday, March 30 with “Buy”. On Monday, December 18 the stock rating was maintained by Jefferies with “Buy”. Goldman Sachs maintained the stock with “Neutral” rating in Friday, September 22 report. Haitong Securities maintained it with “Buy” rating and GBX 2790 target in Monday, September 19 report.

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