Rio Tinto plc (RIO) Receives Consensus Rating of "Buy" from Analysts
- Author: David Armstrong Feb 09, 2018,
Feb 09, 2018, 4:55
One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company's stock. The average twelve-month price target among brokerages that have updated their coverage on the stock in the a year ago is $54.79.
"The Rio cash machine is rolling", said Hargreaves Lansdown equity analyst Nicholas Hyett. Sandler O'Neill maintained the shares of THG in report on Thursday, February 1 with "Buy" rating. UBS AG set a GBX 3,750 ($48.43) price objective on Rio Tinto plc and gave the stock a "buy" rating in a report on Wednesday, August 30th.
Liberum Capital now has a GBX 2750.00 PT on the 66.02 billion GBP market cap company or -28.65 % downside potential.
Recently, In analysts note shared with investors and clients on 7 February, Rio Tinto (LON:RIO) shares have had their Sell Rating restate by research professionals at Liberum Capital, who now has a GBX 2750.00 PT on firm.
Several hedge funds have recently modified their holdings of the company.
Shares of Rio Tinto plc (RIO1.DE) have a 7-day moving average of 44.56. Moreover, Motley Fool Asset Management Llc has 1.18% invested in the company for 661,100 shares.
At Rio Tinto, such lean times are a distant memory in the arid outback, which stretches for 71,000 square kilometres. About 1.13M shares traded.
Rio Tinto plc's sales for the past 5 years rolls at, exhibiting an EPS growth from quarter-to-quarter at.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.5 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Look at its top three institutional owners.
Rio Tinto chief executive Jean-Sébastien Jacques, announcing his first full-year result since taking over the role, described the company's 2017 performance as a strong set of results. Investors will be getting a good grip in comparing the current earnings of the company to estimated future earnings. When we see the company's Volatility, it now has a monthly volatility of 1.70% and weekly volatility of 3.23%. The relative volume of the stock is 1.56 while its market cap is $98.56 billion.
Rio Tinto plc (NYSE:RIO) stock has moved in a downward direction this week, causing concern for some investors.
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Rio Tinto (LON:RIO) had its target price cut by HSBC from GBX 4,300 ($60.29) to GBX 4,100 ($57.49) in a report released on Thursday.
Rio Tinto plc is a mining and metals company.
Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. It also produces copper, coal, bauxite (an aluminium ore), diamonds, uranium and industrial minerals such as titanium dioxide, salt, gypsum and borates.