Rio Tinto Limited (RTNTF) Gets a Hold from Morgan Stanley
In a report released today, Rahul Anand from Morgan Stanley maintained a Hold rating on Rio Tinto Limited (RTNTF – Research Report), with a price target of A$119.50. The company's shares closed last Friday at $76.57.
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Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Evolution Mining , and Iluka Resources Limited. According to TipRanks, Anand has an average return of 5.8% and a 48.00% success rate on recommended stocks.
In addition to Morgan Stanley, Rio Tinto Limited also received a Hold from Citi's Paul McTaggart in a report issued on May 23. However, on May 20, Goldman Sachs maintained a Buy rating on Rio Tinto Limited (Other OTC: RTNTF).
RTNTF market cap is currently $105.6B and has a P/E ratio of 10.76.
Based on the recent corporate insider activity of 23 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 RTNTF in relation to earlier this year.
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