Shares in Rio Tinto plc show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good. Investors have an opportunity to buy the stock and target the GBX 5135.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Its low valuation, with P/E ratio at 7.65 and 7.96 for the ongoing fiscal year and 2021 respectively, makes the stock pretty attractive with regard to earnings multiples.
The company is one of the best yield companies with high dividend expectations.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The tendency within the weekly time frame is positive above the technical support level at 3961.5 GBX
Stock prices approach a strong long-term resistance in weekly data at GBX 5007.
As estimated by analysts, this group is among those businesses with the lowest growth prospects.
ę MarketScreener.com 2020
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