Macquarie Reaffirms Their Hold Rating on Rio Tinto (RIO)
Macquarie analyst Hayden Bairstow maintained a Hold rating on Rio Tinto (RIO – Research Report) on June 27 and set a price target of £39.00. The company's shares closed last Friday at p4,281.50.
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According to TipRanks, Bairstow is ranked #8971 out of 9622 analysts.
In addition to Macquarie, Rio Tinto also received a Hold from Citi's Ephrem Ravi in a report issued on June 20. However, on June 18, J.P. Morgan maintained a Buy rating on Rio Tinto (LSE: RIO).
RIO market cap is currently £72.89B and has a P/E ratio of 7.69.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RIO in relation to earlier this year.
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