JP Morgan Cazenove Keeps Rio Tinto PLC (LON:RIO) As Overweight; Has Price Target Of GBX 4100.00; BAE SYSTEMS ORD GBP (BAESF) Sellers Decreased By 14.58% Their Shorts

December 7, 2017 - By Henry Gaston

Equities researchers at JP Morgan Cazenove have GBX 4100.00 PT on Rio Tinto PLC (LON:RIO). JP Morgan Cazenove’s PT would suggest a potential upside of 18.27% from the company’s last stock price. The rating was released in analysts note on 7 December.

BAE SYSTEMS ORD GBP (OTCMKTS:BAESF) had a decrease of 14.58% in short interest. BAESF’s SI was 100,800 shares in December as released by FINRA. Its down 14.58% from 118,000 shares previously. With 12,300 avg volume, 8 days are for BAE SYSTEMS ORD GBP (OTCMKTS:BAESF)’s short sellers to cover BAESF’s short positions. The stock increased 0.94% or $0.07 during the last trading session, reaching $7.55. About shares traded. BAE Systems plc (OTCMKTS:BAESF) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

BAE Systems plc operates as a defense, aerospace, and security firm worldwide. The company has market cap of $22.95 billion. The Company’s Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems. It has a 16.78 P/E ratio. The companyÂ’s Cyber & Intelligence segment develops and supports mission software and systems in geospatial, intelligence, surveillance, reconnaissance, and mission management areas; provides analytic solutions and support to the US government; and systems engineering, integration, and through-life support services for US defense and coalition partner customers.

Among 29 analysts covering Rio Tinto PLC (LON:RIO), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 66% are positive. Rio Tinto PLC has GBX 4525 highest and GBX 3 lowest target. GBX 3368.04’s average target is -2.46% below currents GBX 3453 stock price. Rio Tinto PLC had 515 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Investec on Wednesday, August 3. Macquarie Research maintained the stock with “Outperform” rating in Thursday, July 6 report. Credit Suisse maintained the stock with “Neutral” rating in Thursday, April 14 report. The firm earned “Buy” rating on Monday, September 14 by Deutsche Bank. On Thursday, September 3 the stock rating was maintained by Liberum Capital with “Hold”. Canaccord Genuity maintained Rio Tinto plc (LON:RIO) on Friday, February 26 with “Buy” rating. Deutsche Bank maintained it with “Buy” rating and GBX 3245 target in Wednesday, October 5 report. The firm has “Overweight” rating given on Monday, February 8 by J.P. Morgan. The company was maintained on Thursday, September 24 by Macquarie Research. The stock has “Overweight” rating by JP Morgan on Wednesday, January 18.

Rio Tinto plc, a mining and metals company, finds, mines, processes, and markets mineral resources. The company has market cap of 60.69 billion GBP. The firm mines and produces aluminum products, including bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, as well as nickel; diamonds, titanium dioxide feedstocks, borates, and salt, as well as high purity iron, steel billets, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has a 10.07 P/E ratio. The Company’s products also comprise others, such as sulphuric acid, rhenium, lead carbonate, and selenium.

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