Rio Tinto Limited (RTNTF) Receives a Hold from UBS

Business Insider

a day ago

UBS analyst Lachlan Shaw maintained a Hold rating on Rio Tinto Limited (RTNTF – Research Report) today and set a price target of A$120.00. The company's shares closed yesterday at $68.33.
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According to TipRanks, Shaw is a 2-star analyst with an average return of 0.1% and a 51.15% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, Mineral Resources Limited, and IGO.
In addition to UBS, Rio Tinto Limited also received a Hold from Morgan Stanley's Rahul Anand in a report issued on June 10. However, on June 4, Morgans maintained a Buy rating on Rio Tinto Limited (Other OTC: RTNTF).
Based on the recent corporate insider activity of 22 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.