Rio Tinto (RIO) Receives "Buy" Rating from HSBC

06 Décembre, 2017, 00:39 | Auteur: Auguste Feret

It has outperformed by 9.18% the S&P500.

Rio Tinto (LON:RIO)'s stock had its "buy" rating reissued by research analysts at Deutsche Bank in a research report issued on Tuesday. The stock now has a consensus rating of Buy and an average target price of GBX 3,556.81 ($45.69). The target price per share would suggest a potential upside of 28.53% from firm's stock close price. ValuEngine lowered Rio Tinto from a "strong-buy" rating to a "buy" rating in a report on Friday, September 1st. Therefore 66% are positive. Rio Tinto has an average rating of Buy and an average target price of GBX 3,954.75 ($53.23). GBX 3368.04's average target is -3.70% below currents GBX 3497.5 stock price.

RIO has been the subject of several other reports. The rating was maintained by Haitong Securities with "Buy" on Monday, April 11. The firm has "Buy" rating given on Tuesday, August 18 by Deutsche Bank. The firm has "Buy" rating by Investec given on Tuesday, November 17. As per Thursday, July 23, the company rating was maintained by Jefferies. Capital expenditure would rise to around $US5.5 billion in the 2018 financial year and hold at $US6 billion in each of 2019 and 2020. The firm has "Buy" rating given on Monday, November 14 by Deutsche Bank.

Reaffirming its successful value-over-volume strategy built on world-class assets, a strong balance sheet, disciplined capital allocation and operational excellence, Rio Tinto says its portfolio of high-quality products has a strategic competitive advantage in commodities that are playing a key role in global urbanisation.

Rio Tinto got a new chairman on Monday in board member Simon Thompson, a compromise candidate after shareholders rejected former Xstrata boss, Mick Davis. The company has market cap of $190.78 million. It has a 21.34 P/E ratio.

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The stock decreased 1.20% or GBX 42.5 during the last trading session, reaching GBX 3497.5. About 783,346 shares traded. It has underperformed by 16.70% the S&P500. Its down 0.38, from 1.44 in 2017Q1.

Rio boosted investor returns this year with higher dividend payouts and share buybacks, while also carrying out an expansion of Mongolia's Oyu Tolgoi copper mine and development of the Amrun bauxite project in Australia, he said. Moreover, Ami Investment Management Inc has 0.96% invested in the company for 160,902 shares. Thomson Horstmann & Bryant Inc owns 445,876 shares or 1.63% of their USA portfolio. The Minnesota-based Punch & Associates Investment Management Inc. has invested 0.51% in the stock. State Board Of Administration Of Florida Retirement reported 29,601 shares.

This comes after the company recently hosted a seminar where it provided a detailed review of how it plans to drive further productivity across its portfolios while maintaining its safety standards. (NASDAQ:RAVN). Lord Abbett & Limited Liability Co reported 0.02% stake.

Among 4 analysts covering Motif Bio Plc (LON:MTFB), 4 have Buy rating, 0 Sell and 0 Hold. Synchrony Financial had 58 analyst reports since July 20, 2015 according to SRatingsIntel. (NASDAQ:RAVN) on Thursday, December 15 with "Neutral" rating. The rating was downgraded by Bank of America to "Hold" on Friday, October 6. Also, the number of hedge funds holding Ufp Technologies Inc in their top 10 stock positions increased from 0 to 1 for an increase of 1. Compass Point initiated the shares of SYF in report on Friday, November 4 with "Buy" rating. As per Thursday, December 1, the company rating was maintained by BNP Paribas. H.C. Wainwright maintained Advanced Emissions Solutions, Inc.

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