Deutsche Bank Aktiengesellschaft Reiterates “Hold” Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 6,000 ($78.39) target price on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 18.65% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group set a GBX 5,800 ($75.78) target price on Rio Tinto Group in a report on Wednesday, September 22nd. UBS Group set a GBX 4,200 ($54.87) target price on Rio Tinto Group in a report on Tuesday, October 5th. Barclays reaffirmed an “equal weight” rating and set a GBX 4,900 ($64.02) target price on shares of Rio Tinto Group in a report on Friday, October 8th. Berenberg Bank reduced their target price on Rio Tinto Group from GBX 6,900 ($90.15) to GBX 5,400 ($70.55) and set a “hold” rating on the stock in a report on Wednesday, October 6th. Finally, Morgan Stanley set a GBX 5,010 ($65.46) price target on Rio Tinto Group in a research report on Wednesday, September 29th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Rio Tinto Group currently has an average rating of “Hold” and a consensus price target of GBX 5,331.54 ($69.66).

LON:RIO opened at GBX 5,057 ($66.07) on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 23.22. The business’s 50 day moving average is GBX 5,231.52 and its two-hundred day moving average is GBX 5,748. Rio Tinto Group has a 52 week low of GBX 4,252.50 ($55.56) and a 52 week high of GBX 6,876.26 ($89.84). The company has a market cap of £81.88 billion and a PE ratio of 5.98.

In other news, insider Ngaire Woods purchased 397 shares of the stock in a transaction dated Wednesday, September 22nd. The shares were bought at an average cost of GBX 4,810 ($62.84) per share, for a total transaction of £19,095.70 ($24,948.65). Also, insider Peter Cunningham sold 5 shares of Rio Tinto Group stock in a transaction on Tuesday, July 20th. The shares were sold at an average price of GBX 5,782 ($75.54), for a total value of £289.10 ($377.71).

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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