New Buy Rating for Rio Tinto (RIO), the Basic Materials Giant

In a report released today, Robert Czerwensky from DZ BANK AG maintained a Buy rating on Rio Tinto, with a price target of £60.00. The company’s shares opened today at p4,981.00.

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Czerwensky covers the Industrials sector, focusing on stocks such as Boeing, Air Liquide, and Alstom SA. According to TipRanks, Czerwensky has an average return of 4.8% and a 64.41% success rate on recommended stocks.

In addition to DZ BANK AG, Rio Tinto also received a Buy from Bernstein’s Bob Brackett in a report issued today. However, on the same day, Jefferies maintained a Hold rating on Rio Tinto (LSE: RIO).

The company has a one-year high of p5,240.00 and a one-year low of p4,024.50. Currently, Rio Tinto has an average volume of 2.93M.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RIO in relation to earlier this year.