Rio Tinto Group (LON:RIO) Receives Average Recommendation of “Reduce” from Analysts

Rio Tinto Group (LON:RIO) has been given a consensus recommendation of “Reduce” by the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is £178.69.

Several equities research analysts recently commented on RIO shares. JPMorgan Chase & Co. upgraded Rio Tinto Group to a “neutral” rating and upped their target price for the company from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Berenberg Bank reiterated a “hold” rating and issued a GBX 6,600 target price on shares of Rio Tinto Group in a report on Thursday, June 4th. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 6,400 price target on shares of Rio Tinto Group in a research note on Wednesday. Shore Capital Group cut their price target on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a report on Tuesday, June 2nd. Finally, Citigroup raised their price objective on shares of Rio Tinto Group from £760 to £810 and gave the stock a “neutral” rating in a research report on Monday, June 8th.

Insider Buying and Selling

In related news, insider Peter Cunningham sold 6 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total value of £438.66. 0.10% of the stock is owned by insiders.

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at GBX 7,061.77 on Friday. The business has a 50-day moving average price of GBX 7,626.80 and a two-hundred day moving average price of GBX 7,014.14. Rio Tinto Group has a 1-year low of GBX 4,248 and a 1-year high of GBX 8,325. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 37.79. The company has a market cap of £114.84 billion, a P/E ratio of 11.61, a PEG ratio of -0.64 and a beta of 0.65.

Rio Tinto Group Company Profile

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.

We have more than 150 years of mining and processing experience guiding our work.