Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Rio Tinto Limited (RTNTF – Research Report) and Fortescue Metals Group Ltd (FSUMF – Research Report).
Rio Tinto Limited (RTNTF)
In a report released today, Paul McTaggart from Citi maintained a Buy rating on Rio Tinto Limited, with a price target of A$124.00. The company’s shares closed last Monday at $73.25.
According to TipRanks.com, McTaggart is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rio Tinto Limited with a $76.90 average price target, representing a 5.0% upside. In a report issued on October 5, J.P. Morgan also maintained a Buy rating on the stock with a A$133.00 price target.
See the top stocks recommended by analysts >>
Fortescue Metals Group Ltd (FSUMF)
In a report released today, Lachlan Shaw from UBS maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$20.80. The company’s shares closed last Friday at $13.60.
According to TipRanks.com, Shaw is a 3-star analyst with an average return of
Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $11.53.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on RTNTF:
