Rio Tinto (RIO) Receives "Buy" Rating from HSBC

Rio’s Oyu Tolgoi operation in Mongolia. Image Rio Tinto

Out of 2 Wall Street analysts rating ADA-ES, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". Therefore 33% are positive. Motif Bio Plc had 77 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Emerson Electric Co. On Thursday, September 24 the stock rating was maintained by Macquarie Research with "Outperform". Piper Jaffray has "Hold" rating and $31.0 target. The firm has "Hold" rating given on Tuesday, October 10 by Wells Fargo. The stock has "Buy" rating by Zacks on Tuesday, August 18. Credit Suisse maintained Rio Tinto plc (LON:RIO) rating on Thursday, May 12.

In Monday's presentation, it said it now expected capital expenditure this year of less than $4.5 billion, where it previously anticipated it would be about $5 billion, before it rises to $5.5 billion in 2018 and $6 billion in each of the following two years. Barclays restated an overweight rating and issued a GBX 4,100 ($55.18) price objective on shares of Rio Tinto in a report on Tuesday, August 8th.

Ufp Technologies Inc (NASDAQ:UFPT) institutional sentiment increased to 2.56 in 2017 Q2. Its down 0.38, from 1.44 in 2017Q1. It increased, as 60 investors sold EMR shares while 407 reduced holdings. Sol Cap Management invested in 3,548 shares or 0.06% of the stock.

Rio shares rose 1.2% to $72.05 as Chinese iron ore futures continued rising. Bridges Investment Counsel accumulated 15,750 shares or 0.21% of the stock.

The company, which began the hunt for a new chairman a year ago, had to restart its search after an investor backlash against Mick Davis, the former Xstrata PLC chief. 6,900 are held by Prelude Capital Ltd. Caprock Inc invested 0.07% of its portfolio in Raven Industries, Inc. State Board Of Administration Of Florida Retirement reported 29,601 shares.

Simon Thompso. Image Supplied
Simon Thompso. Image Supplied

Simon Thompson, who joined Rio Tinto as a non-executive director in 2014, will replace Jan du Plessis when he steps down as chairman on 5 March. The company has market cap of $190.78 million. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 21.34 P/E ratio. The Company's products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

Among 27 analysts covering Synchrony Financial (NYSE:SYF), 19 have Buy rating, 0 Sell and 8 Hold. Therefore 66% are positive. The company now has an average rating of "Buy" and a consensus price target of GBX 3,954.75 ($53.23). The stock has an average rating of "Buy" and a consensus target price of $51.59. Rio Tinto PLC had 514 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned "Overweight" rating on Wednesday, February 17 by Barclays Capital.

Rio Tinto plc (LON:RIO) had its price target decreased by JPMorgan Chase & Co. from GBX 4,200 ($53.95) to GBX 4,150 ($53.31) in a report released on Tuesday, May 2nd. The rating was maintained by Haitong Securities with "Buy" on Monday, April 11. Northland Capital maintained Motif Bio plc (LON:MTFB) rating on Friday, October 16. Citigroup maintained the stock with "Buy" rating in Wednesday, September 16 report. Compass Point initiated the shares of SYF in report on Friday, November 4 with "Buy" rating. Knowledge Leaders Capital LLC now owns 2,393 shares of the mining company's stock worth $101,000 after buying an additional 1,334 shares in the last quarter. About 774,512 shares traded.

A former executive at Anglo American PLC who has served as a director with miners including AngloGold Ashanti Ltd. and Newmont Mining Corp., Mr. Thompson will assume the helm of a revitalized Rio Tinto but also a company with a dented corporate reputation.

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