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

13 January 2018

Neville Rodie & Shaw Inc bought 13,500 shares as the company's stock declined 9.05% while stock markets rallied. 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 stock has a market capitalization of $74,450.00 and a price-to-earnings ratio of 1,648.22.

Shares of Rio Tinto (RIO) traded up $1.01 during trading on Monday, hitting $52.76.

Now, since Rio Tinto plc is heavily affected by something outside of their control, potentially, you want to ensure Rio Tinto plc is in good health. It has underperformed by 16.70% the S&P500.

To find out the technical position of RIO, it holds price to book ratio of 2.38 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. Renaissance Tech Limited Liability Company invested in 0.01% or 277,300 shares.

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. JP Morgan upgraded Rio Tinto plc (NYSE:RIO) on Monday, September 12 to "Overweight" rating.

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The stock increased 0.61% or $0.34 during the last trading session, reaching $56.08. The NYSE listed company saw a recent bid of 57.52 and 1625315 shares have traded hands in the session.

More important recent Rio Tinto plc (NYSE:RIO) news were published by: Marketwatch.com which released: "Rio Tinto cuts guidance on mined copper" on October 17, 2017, also Marketwatch.com published article titled: "Rio Tinto hikes buyback plans as profit jumps", Businesswire.com published: "Hagens Berman Sobol Shapiro LLP Files Securities Class Action Against Rio ..." on October 23, 2017. It has outperformed by 27.03% the S&P500. Therefore 66% are positive.

1/8/2018 - Rio Tinto had its price target raised by analysts at Barclays PLC from GBX 4,300 ($58.31) to GBX 4,500 ($61.03). The firm earned "Sell" rating on Wednesday, October 12 by Citigroup. On Friday, April 21 the stock rating was upgraded by BNP Paribas to "Outperform".

12/5/2017 - Rio Tinto had its "buy" rating reaffirmed by analysts at Jefferies Group LLC. The firm has "Hold" rating by Liberum Capital given on Wednesday, August 5. The rating was maintained by Jefferies on Tuesday, August 23 with "Hold". They now have a GBX 4,100 ($55.60) price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Therefore 33% are positive. Sensata Technologies Holdings NV had 55 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, May 31, the company rating was initiated by Stifel Nicolaus. $32,321 worth of The Boeing Company (NYSE:BA) shares were sold by Downey Thomas J. Muilenburg Dennis A sold $13.84M worth of stock or 56,838 shares. Cowen & Co maintained the stock with "Market Perform" rating in Thursday, November 10 report. The rating was maintained by UBS on Wednesday, February 10 with "Buy". 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. The brokerage now has a buy rating on the stock. RBC Capital Markets maintained it with "Sector Perform" rating and $45.0 target in Friday, January 15 report. The most common reasons why MAs are used are to determine support and resistance levels and to identify trend direction. Argus Research maintained the shares of RIO in report on Thursday, December 1 with "Buy" rating.

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