Peter Cunningham Sells 5 Shares of Rio Tinto Group (LON:RIO) Stock

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 5 shares of the firm’s stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of GBX 5,782 ($75.54), for a total value of £289.10 ($377.71).

LON RIO traded down GBX 125 ($1.63) during trading hours on Thursday, reaching GBX 5,846 ($76.38). 1,617,994 shares of the stock traded hands, compared to its average volume of 2,235,992. The firm has a 50 day moving average price of GBX 6,035.82. Rio Tinto Group has a 1 year low of GBX 4,226.50 ($55.22) and a 1 year high of GBX 6,876.26 ($89.84). The company has a debt-to-equity ratio of 26.65, a quick ratio of 1.42 and a current ratio of 1.80. The firm has a market cap of £94.65 billion and a P/E ratio of 13.79.

RIO has been the subject of a number of analyst reports. The Goldman Sachs Group set a GBX 6,830 ($89.23) price target on Rio Tinto Group in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 7,600 ($99.29) price target on shares of Rio Tinto Group in a report on Tuesday, June 1st. UBS Group set a GBX 5,100 ($66.63) price objective on Rio Tinto Group in a research report on Friday, July 16th. Barclays increased their price objective on Rio Tinto Group from GBX 5,550 ($72.51) to GBX 6,150 ($80.35) and gave the stock an “equal weight” rating in a research report on Monday, July 5th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 6,900 ($90.15) price objective on shares of Rio Tinto Group in a research report on Friday, July 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Rio Tinto Group presently has an average rating of “Hold” and a consensus price target of GBX 6,271.54 ($81.94).

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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