Rio Tinto (RIO) Given a GBX 4000 Price Target at UBS Group

Rio Tinto pulls out offer for stake in world’s largest lithium miner

Riverpoint Capital Management Llc sold 9,374 shares as the company's stock declined 9.05% while stock markets rallied. The institutional investor held 99,270 shares of the consumer services company at the end of 2017Q3, valued at $11.75M, up from 77,468 at the end of the previous reported quarter. The stock increased 0.47% or $0.27 during the last trading session, reaching $57.51. The stock was purchased at an average price of GBX 3,490 ($47.33) per share, for a total transaction of £909,703.40 ($1,233,663.41). Rio Tinto has an average rating of Buy and a consensus price target of GBX 4,029.75 ($54.65). It has outperformed by 27.03% the S&P500.

Shikiar Asset Management Inc decreased its stake in Rio Tinto Plc (RIO) by 55.29% based on its latest 2017Q3 regulatory filing with the SEC. Oakmont Corp bought 19,082 shares as the company's stock rose 4.66% with the market. The hedge fund held 124,600 shares of the precious metals company at the end of 2017Q3, valued at $5.88M, down from 172,250 at the end of the previous reported quarter. The Company focuses on finding, mining, processing and marketing the Earth's mineral resources. The stock increased 0.81% or $0.28 during the last trading session, reaching $34.93. About 540,951 shares traded or 9.35% up from the average. It is down 0.00% since January 12, 2017 and is. It has underperformed by 16.70% the S&P500. Credit Suisse Group raised their price target on Rio Tinto from GBX 4,000 ($54.24) to GBX 4,300 ($58.31) and gave the stock an "outperform" rating in a research report on Thursday, October 26th. raised their price target on Rio Tinto from GBX 3,900 ($52.89) to GBX 4,000 ($54.24) and gave the stock a "buy" rating in a research report on Wednesday, October 18th. Therefore 66% are positive. Rio Tinto PLC had 518 analyst reports since July 23, 2015 according to SRatingsIntel. On Friday, August 5 the stock rating was maintained by Jefferies with "Buy". The rating was maintained by Jefferies with "Buy" on Tuesday, June 20. The rating was downgraded by Liberum Capital to "Sell" on Thursday, October 29. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. As per Wednesday, October 26, the company rating was downgraded by Standpoint Research. The firm earned "Sell" rating on Monday, April 18 by Citigroup. The firm has "Buy" rating given on Wednesday, December 6 by Raymond James. The stock of Rio Tinto plc (NYSE:RIO) has "Neutral" rating given on Friday, August 21 by Axiom Capital. On Thursday, September 14 the stock rating was maintained by Stifel Nicolaus with "Buy".

Riverpoint Capital Management Llc, which manages about $1.62B and $1.54B US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 3,012 shares to 7,927 shares, valued at $1.12M in 2017Q3, according to the filing.


ILLEGAL ACTIVITY WARNING: "Rio Tinto (RIO) Given a GBX 4,000 Price Target at UBS Group" was reported by Week Herald and is the property of of Week Herald. Moreover, Resolution Capital Ltd has 3.12% invested in the company for 546,450 shares. The firm has "Buy" rating by Argus Research given on Thursday, December 1. The stock of Sensata Technologies Holding N.V. (NYSE:ST) has "Buy" rating given on Monday, January 11 by Stifel Nicolaus. The firm has "Buy" rating by Cowen & Co given on Monday, July 24.

Investors sentiment decreased to 1.13 in 2017 Q3. Its up 1.03, from 1.03 in 2017Q2. Deutsche National Bank Ag invested 0.01% of its portfolio in Sensata Technologies Holding N.V. (NYSE:ST). Royal Commercial Bank Of Canada reported 0% in Spectra Energy Partners, LP (NYSE:SEP). Sterling Cap Management Limited Liability, a North Carolina-based fund reported 1.59M shares. Botty Investors Lc holds 19,731 shares. Essex Investment Llc has 0.13% invested in Sensata Technologies Holding N.V. (NYSE:ST). Martingale Asset Mngmt Limited Partnership has invested 0.03% of its portfolio in Digital Realty Trust, Inc. Kayne Anderson Cap Advsrs Ltd Partnership accumulated 3.82M shares. Van ECK Associates Corp increased its position in Rio Tinto by 237.3% during the 3rd quarter. RBC Capital Markets maintained it with "Sector Perform" rating and $45.0 target in Friday, January 15 report.

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