Rio Tinto Group (LON:RIO) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Rio Tinto Group (LON:RIO) in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm currently has a GBX 6,200 ($82.06) price target on the stock.

Separately, JPMorgan Chase & Co. reissued a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Rio Tinto Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,228.75 ($82.45).

Rio Tinto Group Stock Up 0.8 %

Shares of Rio Tinto Group stock opened at GBX 4,386.50 ($58.06) on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. Rio Tinto Group has a 12-month low of GBX 4,024.50 ($53.27) and a 12-month high of GBX 5,854 ($77.49). The firm has a market capitalization of £92.04 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The stock’s fifty day moving average is GBX 4,726.38 and its 200-day moving average is GBX 4,866.70.

Insider Activity at Rio Tinto Group

In related news, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($67.19), for a total value of £31,521.96 ($41,723.31). Also, insider Ngaire Woods acquired 516 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of GBX 4,820 ($63.80) per share, for a total transaction of £24,871.20 ($32,920.19). Insiders own 14.62% of the company’s stock.

About Rio Tinto Group