Economy

Rio Tinto plc (RIO) Given Buy Rating at Deutsche Bank AG

Rio Tinto plc (RIO) Given Buy Rating at Deutsche Bank AG”

The stock increased 1.97% or $4.73 during the last trading session, reaching $244.73. It has outperformed by 130.42% the S&P500.

RBC Capital Markets decreased shares of Rio Tinto PLC (ADR) (NYSE:RIO) stock from a "Outperform" rating to a "Sector Perform" rating in a research note revealed to clients and investors on Monday morning. They now have a GBP 4500.00p price target on the stock. The Manufacturers Life Insurance Company grew its stake in shares of Rio Tinto PLC by 212.1% during the 2nd quarter.

A number of other institutional investors have also made changes to their positions in the business. Qorvo Inc was reduced too. Its up 1.63, from 1.37 in 2017Q1. Bnp Paribas Arbitrage Sa holds 0% or 2,806 shares. Hartwell J M Ltd Partnership holds 0.39% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 8,435 shares.

About 1.90 million shares traded or 2148.79% up from the average. Barclays Public Limited Liability stated it has 0% of its portfolio in Accelerate Diagnostics Inc (NASDAQ:AXDX). Bancshares Of The Ozarks owns 3,600 shares. The New York-based Hoplite Capital Management L.P. has invested 2.78% in the stock. Verition Fund Management Lc stated it has 12,530 shares or 0.03% of all its holdings. 14,400 are held by Central Asset Invs & Hldg (Hk) Limited.

Among 29 analysts covering Check Point Software Technologies Ltd. (NYSE:GS), 12 have Buy rating, 1 Sell and 15 Hold. Therefore 100% are positive. The firm has "Neutral" rating by Citigroup given on Monday, December 5. On Monday, July 11 the stock rating was maintained by Panmure Gordon with "Buy". UBS has "Buy" rating and $285 target. Jefferies maintained it with "Buy" rating and $52.0 target in Thursday, August 17 report. The company's market capitalization is GBX 55.24 billion. Liberum Capital maintained it with "Buy" rating and GBX 215 target in Tuesday, November 1 report. Rio Tinto plc has an average rating of Buy and a consensus target price of GBX 3,842.25 ($51.05). On Friday, July 21 the stock rating was downgraded by PiperJaffray to "Neutral". Royal Bank Of Canada now has GBX 4,000 ($52.78) price objective on the stock, down from their prior price objective of GBX 4,200 ($55.42).

Among 20 analysts covering Rio Tinto (NYSE:RIO), 13 have Buy rating, 3 Sell and 4 Hold.

With a total market value of 0 GBX, Rio Tinto PLC has price-earnings ratio of 10.43 with a one year low of 2,671.00GBX and a one year high of 3,805.50GBX. The company's 50-day moving average price is GBX 3,585.56 and its 200 day moving average price is GBX 3,351.31. Finally, Jefferies Group increased their price objective on Rio Tinto plc from GBX 2,600 ($32.27) to GBX 2,800 ($34.75) and gave the stock a buy rating in a report on Tuesday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company was maintained on Tuesday, June 20 by Jefferies.

COPYRIGHT VIOLATION NOTICE: "Rio Tinto plc (RIO) Given Buy Rating at Deutsche Bank AG" was reported by BBNS and is the sole property of of BBNS. The stock of Rio Tinto plc (ADR) (NYSE:RIO) earned "Overweight" rating by JP Morgan on Monday, September 12. The rating was maintained by JP Morgan on Thursday, August 4 with "Overweight". The firm has "Outperform" rating by Macquarie Research given on Friday, August 7.

About 537,869 shares traded.

Rio Tinto plc is a mining and metals company. It has underperformed by 16.70% the S&P500.

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