Analysts Set Rio Tinto Group (LON:RIO) Price Target at GBX 7,707.14

Shares of Rio Tinto Group (LON:RIO) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 7,707.14.

Several analysts have recently weighed in on RIO shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 8,500 price target on shares of Rio Tinto Group in a research note on Tuesday, June 9th. 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 7,400 price objective on shares of Rio Tinto Group in a report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 6,100 target price on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Finally, 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 research note on Tuesday, June 2nd.

Rio Tinto Group Price Performance

Rio Tinto Group stock opened at GBX 7,186 on Thursday. The company has a debt-to-equity ratio of 34.91, a current ratio of 1.42 and a quick ratio of 1.34. The stock has a market cap of £116.87 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66. The firm has a 50-day moving average of GBX 7,231.81 and a two-hundred day moving average of GBX 7,291.91. Rio Tinto Group has a 1 year low of GBX 4,555.50 and a 1 year high of GBX 8,325.

Insider Transactions at Rio Tinto Group

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

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.