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.

Swiss Govt Finally Agrees To Return $321 Million Abacha Loot
We will continue to work to deepen mechanisms not just for asset recovery but for preventing corruption in the first place. Abba Abacha was incarcerated for over 500 days and in 2006 Luxembourg ordered the funds held by him to be frozen.

The Biggest 3 Holders Of Cisco Systems, Inc. (CSCO)
For shareholders, given the total diluted outstanding shares of 4.99 billion, this means overall earnings per share of 0.48. JMP Securities reissued a "market perform" rating on shares of Cisco Systems in a research report on Friday, August 18th.

Liverpool boss Jurgen Klopp sorry for Chris Hughton row at Brighton
He said: "Adam will not be in the squad for this game, but he is on a very good way". "Every game is important for us". Klopp is also optimistic of having Ragnar Klavan and Joe Gomez back to bolster his defence . "They are much better".

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.

Conseillé:



Populaire

Will Smith to Host Darren Aronofsky's ONE STRANGE ROCK on National Geographic
The series also features a group of astronauts made up of Chris Hadfield, Jeff Hoffman, Mae Jemison, Jerry Linenger, Mike Massimino, Leland Melvin, Nicole Stott, and Peggy Whitson giving their unique perspectives on the globe.

RBI Assistant Recruitment Prelims Exam Result 2017 & Mains Exam Date
The RBI assistant selection is being done through a country-wide competitive examination in two phases i.e. The list of roll numbers of candidates shortlisted for main examination has been published by the bank.

Technical Scrutiny: General Cable Corporation (BGC), Monster Digital, Inc. (MSDI)
The highest price BGC stock touched in the last 12 month was $29.75 and the lowest price it hit in the same period was $14.95. Piedmont Investment Advisors LLC purchased a new stake in General Cable during the second quarter valued at about $175,000.

Qui peut encore se qualifier pour les huitièmes — Ligue des Champions
Manchester United 2-1 CSKA Moscou Buts: Lukaku (64), Rashford (66) pour Manchester // Dzagoev (45) pour le CSKA Deux minutes. Les Giallorossi se sont imposés devant Qarabag au Stadio Olimpico grâce à un unique but de Diego Perotti (53e).

Arkansas hires Houston's Hunter Yurachek as new Athletic Director
Yurachek's first task will be finding a football coach to replace Bret Bielema, who was sacked after the season. Yurachek was named Vice President of Athletics at the University of Houston in 2015.

Sounders vying for second MLS Cup championship in a row
Altidore suffered the ankle injury during TFC's Eastern Conference finals second leg against the Columbus Crew, going down in pain after Harrison Afful fell on his right ankle.

Taylor Swift fans blast Kim Kardashian with rat emojis over Instagram post
Despite this, Kim K fans took to Taylor's Instagram to brand her a snake - bombarding her with snake emojis . It's been almost 24-hours since Kim posted the photo and there's no sign that Kim has noticed.

Honduran president holds lead as vote count nears end
Protesters demonstrated on the streets of Honduras on Monday, December 4, a response to the lack of transparency in the country's recent presidential elections.

Sergio Ramos: 'I have a great friendship with Cristiano Ronaldo'
A familiar foe in recent seasons, Borussia Dortmund , visit the Santiago Bernabeu for the fifth time in five years on Wednesday. The squad has also lost depth, with Zidane yet to fully trust summer recruits Theo Hernandez, Dani Ceballos and Jesus Vallejo.

Determined half of the participants of the playoffs of the Champions League
The group winners (or seeds) will be drawn away for the first-leg, with the advantage of playing at home in the second-leg. The dates are February 13/14 & 20/21 for the first-leg matches and March 6/7 & 13/14 for the second-legs.