JPMorgan Chase & Co. Cuts Rio Tinto Group (LON:RIO) Price Target to GBX 8,200

Rio Tinto Group (LON:RIO) had its price target lowered by JPMorgan Chase & Co. from GBX 8,270 to GBX 8,200 in a research report released on Tuesday,Digital Look reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on RIO. Citigroup dropped their price objective on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Berenberg Bank decreased their target price on Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating for the company in a research note on Thursday, July 16th. Royal Bank Of Canada lowered their target price on Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating for the company in a report on Thursday, July 16th. Shore Capital Group dropped 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 research note on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 7,400 price target on shares of Rio Tinto Group in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rio Tinto Group presently has an average rating of “Hold” and a consensus target price of GBX 7,707.14.

Rio Tinto Group Price Performance

RIO stock opened at GBX 7,136 on Tuesday. The firm has a market cap of £116.05 billion, a price-to-earnings ratio of 11.73, a PEG ratio of -0.64 and a beta of 0.65. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 34.91. Rio Tinto Group has a 12-month low of GBX 4,344.50 and a 12-month high of GBX 8,325. The company’s fifty day simple moving average is GBX 7,305.20 and its 200 day simple moving average is GBX 7,147.59.

Insider Buying and Selling

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the company’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total transaction of £265.60. Company insiders own 0.10% of the company’s stock.

Key Headlines Impacting Rio Tinto Group

Here are the key news stories impacting Rio Tinto Group this week:

• Positive Sentiment: Rio Tinto reported a sharp increase in first-half profit, supported by stronger metal prices and cost-cutting and restructuring initiatives. The company also announced its highest interim dividend in four years, strengthening the investment case for income-focused shareholders. Rio Tinto Half-Year Profit Soars On Metal Prices, Cost Cuts
• Positive Sentiment: Berenberg upgraded Rio Tinto from “hold” to “buy” and raised its price target to GBX 8,600 from GBX 8,100. The upgrade signals confidence in the company’s earnings momentum, cost discipline and commodity exposure. Berenberg broker recommendation
• Positive Sentiment: Management’s focus on cost reductions and the potential for rising demand for metals used in artificial-intelligence infrastructure provide additional long-term support for the shares. Rio Tinto CEO focused on cost cuts and AI boom
• Neutral Sentiment: Deutsche Bank reaffirmed its “hold” rating while setting a GBX 7,400 target, indicating limited expected upside from current levels. Deutsche Bank broker recommendation
• Negative Sentiment: JPMorgan maintained a “hold” stance and issued a pessimistic outlook, while RBC reiterated “underperform” with a GBX 6,100 target. These cautious calls highlight risks from commodity-price volatility and valuation. J.P. Morgan remains a hold on Rio Tinto

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.