Rio Tinto plc (RIO) Receives Average Rating of "Buy" from Brokerages

Marco Green
January 13, 2018

The hedge fund run by John Griffin held 4.44 million shares of the industrial machinery and components company at the end of 2017Q3, valued at $213.20M, up from 4.41 million at the end of the previous reported quarter. The company has market cap of 438.13 million GBP. The Manufacturers Life Insurance Company now owns 3,187 shares of the mining company's stock worth $135,000 after purchasing an additional 2,166 shares during the last quarter. 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 Boeing Company (NYSE:BA) has risen 41.13% since January 10, 2017 and is uptrending. It has underperformed by 16.70% the S&P500. Closing price generally refers to the last price at which a stock trades during a regular trading session. About 543,769 shares traded or 29.47% up from the average. Below is a list of Rio Tinto plc (NYSE:RIO) latest ratings and price target changes. It has outperformed by 27.03% the S&P500.

Steward Partners Investment Advisory LLC purchased a new stake in Rio Tinto plc (NYSE:RIO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. As per Wednesday, October 26, the company rating was downgraded by Standpoint Research. Deutsche Bank maintained Rio Tinto plc (LON:RIO) on Tuesday, August 2 with "Buy" rating. The firm has "Buy" rating by Cowen & Co given on Monday, July 24. JP Morgan downgraded the stock to "Neutral" rating in Monday, November 13 report. The firm has "Buy" rating given on Wednesday, December 6 by Raymond James. JPMorgan Chase & Co. upped their price objective on Rio Tinto from GBX 4,000 ($54.24) to GBX 4,100 ($55.60) and gave the stock an overweight rating in a research report on Tuesday, September 5th. The rating was upgraded by RBC Capital Markets to "Outperform" on Monday, January 18. The rating was maintained by Jefferies on Thursday, October 13 with "Buy".

Minneapolis Portfolio Management Group Llc, which manages about $907.73 million and $683.14M US Long portfolio, decreased its stake in Xylem Inc (NYSE:XYL) by 5,981 shares to 250,546 shares, valued at $15.69M in 2017Q3, according to the filing.

Among 6 analysts covering DFS Furniture PLC (LON:DFS), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 47% are positive. The rating was maintained by UBS on Tuesday, October 27 with "Buy". The rating was upgraded by Liberum Capital to "Hold" on Wednesday, August 5. Citigroup restated a "buy" rating on shares of Rio Tinto in a report on Tuesday, December 5th. As per Thursday, September 8, the company rating was upgraded by RBC Capital Markets. The most common reasons why MAs are used are to determine support and resistance levels and to identify trend direction. The firm has "Buy" rating by Investec given on Friday, October 30. "Calls" make a bet that the price of the asset will increase, while "puts" bet that the price of the asset will go decrease. Its up 0.26, from 1.28 in 2017Q2. It is positive, as 44 investors sold DLR shares while 119 reduced holdings. 35 funds opened positions while 99 raised stakes.

QIAGEN N.V. (NASDAQ:QGEN) kept active in under and overvalue discussion, QGEN holds price to book ratio of 2.83 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. Moreover, Johnson Investment Counsel Inc has 0.01% invested in Spectra Energy Partners, LP (NYSE:SEP) for 9,105 shares. First In owns 400 shares or 0.03% of their U.S. portfolio. (NYSE:DLR). New Mexico Educational Retirement Board stated it has 42,817 shares or 0.24% of all its holdings.

Sorin Capital Management Llc holds 3.91% of its portfolio in Federal Realty Investment Trust for 39,700 shares.

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