Rio Tinto Group (LON:RIO) Given a GBX 5,500 Price Target at Credit Suisse Group

Rio Tinto Group (LON:RIO) has been assigned a GBX 5,500 ($74.66) price target by Credit Suisse Group in a research report issued on Friday, Borsen Zeitung reports. Credit Suisse Group’s target price indicates a potential upside of 2.00% from the company’s current price.

A number of other analysts have also recently issued reports on RIO. Barclays increased their price objective on shares of Rio Tinto Group from GBX 4,200 ($57.01) to GBX 4,500 ($61.08) and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup restated a “buy” rating and set a GBX 5,600 ($76.01) target price on shares of Rio Tinto Group in a research report on Thursday, December 2nd. UBS Group set a GBX 3,900 ($52.94) target price on shares of Rio Tinto Group in a research report on Thursday, January 6th. The Goldman Sachs Group set a GBX 5,310 ($72.08) target price on shares of Rio Tinto Group in a research report on Thursday, October 21st. Finally, Berenberg Bank upgraded shares of Rio Tinto Group to a “buy” rating and upped their target price for the stock from GBX 5,000 ($67.87) to GBX 5,500 ($74.66) in a research report on Thursday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 5,055.38 ($68.62).

Shares of LON RIO traded down GBX 71 ($0.96) during midday trading on Friday, reaching GBX 5,392 ($73.19). The stock had a trading volume of 2,035,658 shares, compared to its average volume of 3,115,074. The stock has a 50-day moving average of GBX 4,774.24 and a 200-day moving average of GBX 5,179.64. The company has a debt-to-equity ratio of 23.22, a quick ratio of 1.77 and a current ratio of 2.13. The company has a market capitalization of £87.32 billion and a price-to-earnings ratio of 6.31. Rio Tinto Group has a 12-month low of GBX 4,354 ($59.10) and a 12-month high of GBX 6,876.26 ($93.34).

In other Rio Tinto Group news, insider Peter Cunningham sold 717 shares of the stock in a transaction on Friday, October 29th. The shares were sold at an average price of GBX 4,596 ($62.39), for a total transaction of £32,953.32 ($44,730.99). Insiders have sold 1,134 shares of company stock valued at $5,243,411 in the last quarter.

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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