Rio Tinto (LON:RIO) Receives Buy Rating from Jefferies Group

13 January, 2018, 16:27 | Author: Darnell Taylor
  • Rio Tinto pulls out offer for stake in world’s largest lithium miner

One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The institutional investor held 93,879 shares of the aerospace company at the end of 2017Q3, valued at $23.87M, up from 74,797 at the end of the previous reported quarter. The stock increased 2.12% or $0.9056 during the last trading session, reaching $43.7156. The shares were bought at an average price of GBX 3,490 ($47.33) per share, with a total value of £909,703.40 ($1,233,663.41). The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/12/rio-tinto-plc-rio-receives-average-rating-of-buy-from-brokerages.html. It has outperformed by 27.03% the S&P500.

Pacific Heights Asset Management Llc decreased Rio Tinto Plc (RIO) stake by 25% reported in 2017Q3 SEC filing. Jennison Associates LLC now owns 2,139,716 shares of the mining company's stock worth $100,973,000 after buying an additional 563,461 shares during the last quarter. Minneapolis Portfolio Management Group Llc who had been investing in Rio Tinto Plc for a number of months, seems to be bullish on the $92.89B market cap company. The stock increased 0.61% or $0.35 during the last trading session, reaching $57.59. About 540,951 shares traded or 9.35% up from the average. It has underperformed by 16.70% the S&P500. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 4,100 ($55.60) target price on shares of Rio Tinto in a research note on Tuesday, December 5th. reissued a buy rating and set a GBX 3,800 ($51.53) target price on shares of Rio Tinto in a research note on Wednesday, August 30th. Therefore 66% are positive.

Parametric Portfolio Associates LLC grew its position in Rio Tinto plc (NYSE:RIO) by 10.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Macquarie restated an outperform rating and issued a GBX 4,500 ($61.03) price objective on shares of Rio Tinto in a research report on Thursday, September 14th. Jefferies maintained Rio Tinto plc (NYSE:RIO) on Tuesday, June 20 with "Buy" rating. The stock has "Sell" rating by Liberum Capital on Thursday, October 29. The stock has "Buy" rating by Jefferies on Thursday, August 31. As per Wednesday, October 26, the company rating was downgraded by Standpoint Research. The firm has "Market Perform" rating given on Tuesday, May 3 by Cowen & Co. Jefferies maintained it with "Buy" rating and GBX 3800 target in Friday, January 6 report. S&P Global set a GBX 3,800 ($51.53) target price on Rio Tinto and gave the stock a neutral rating in a research report on Wednesday, October 18th. On Thursday, October 15 the stock rating was initiated by JP Morgan with "Overweight".

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Neville Rodie & Shaw Inc, which manages about $1.50B and $897.12 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 18,464 shares to 257,209 shares, valued at $39.64 million in 2017Q3, according to the filing. The stock presently has an average rating of "Buy" and an average price target of $51.59. The firm has "Buy" rating given on Tuesday, January 19 by Canaccord Genuity. The brokerage now has an "outperform" rating on the stock. Mizuho upgraded it to "Buy" rating and $176.0 target in Monday, August 29 report.

Investors sentiment decreased to 0.77 in Q3 2017. Its up 0.26, from 1.28 in 2017Q2. Jennison Associates LLC boosted its stake in Rio Tinto by 35.7% in the 3rd quarter. Deutsche National Bank Ag invested 0.01% of its portfolio in Sensata Technologies Holding N.V. (NYSE:ST). Citigroup accumulated 36,478 shares or 0% of the stock. First In owns 400 shares or 0.03% of their U.S. portfolio. Ancora Advsrs Limited Liability Co owns 10,818 shares or 0.03% of their United States portfolio. Bokf Na holds 9,874 shares. Essex Investment Llc has 0.13% invested in Sensata Technologies Holding N.V. (NYSE:ST). Moreover, First Republic Invest Mgmt has 0.03% invested in DFS Furniture plc (LON:DFS). Martin Mgmt Ltd Com accumulated 11,844 shares or 0.16% of the stock. It also increased its holding in Agnc Investment Corp. The company was downgraded on Monday, October 23 by RBC Capital Markets.

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