Insider Selling: Rio Tinto Group (LON:RIO) Insider Sells 4 Shares of Stock

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 4 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total transaction of £265.60.

Rio Tinto Group Price Performance

RIO stock traded up GBX 130 during trading on Wednesday, hitting GBX 6,903. 2,747,568 shares of the stock traded hands, compared to its average volume of 39,872,379. The stock has a market cap of £112.26 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a one year low of GBX 4,344.50 and a one 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 50 day simple moving average of GBX 7,434.24 and a 200 day simple moving average of GBX 7,108.28.

Wall Street Analysts Forecast Growth

RIO has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and boosted their target price for the stock from GBX 8,250 to GBX 8,270 in a report on Wednesday. Shore Capital Group dropped their price target on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a report on Tuesday, June 2nd. Citigroup cut their price objective on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a research report on Friday, July 10th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 8,500 price objective on shares of Rio Tinto Group in a research note on Tuesday, June 9th. Finally, Berenberg Bank decreased their target price on Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating on the stock in a report on Thursday, July 16th. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of GBX 7,645.71.

About Rio Tinto Group

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.