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Morgan Stanley Remains a Hold on Rio Tinto Limited (RTNTF)

Tipranks - Mon May 4, 9:32PM CDT

In a report released on April 30, Alain Gabriel from Morgan Stanley maintained a Hold rating on Rio Tinto Limited, with a price target of A$164.00. The company’s shares closed last Friday at A$167.40.

Claim 55% Off TipRanks

According to TipRanks, Gabriel is ranked #558 out of 12175 analysts.

In addition to Morgan Stanley, Rio Tinto Limited also received a Hold from Citi’s Ephrem Ravi in a report issued on April 21. However, on April 22, J.P. Morgan maintained a Buy rating on Rio Tinto Limited (Other OTC: RTNTF).

RTNTF market cap is currently A$239B and has a P/E ratio of 15.43.

Based on the recent corporate insider activity of 11 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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