Rio Tinto Group (LON:RIO) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 7,400 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 5.38% from the company’s current price.

Several other research firms have also recently issued reports on RIO. Berenberg Bank reissued a “hold” rating and issued a GBX 6,600 price objective on shares of Rio Tinto Group in a research report on Thursday, June 4th. 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 boosted their price target on Rio Tinto Group from £760 to £810 and gave the company a “neutral” rating in a report on Monday, June 8th. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and increased their price objective for the stock from GBX 7,200 to GBX 8,280 in a research note on Tuesday, May 26th. Finally, Shore Capital Group reduced their price objective on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a report on Tuesday, June 2nd. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of £178.69.

Rio Tinto Group Trading Down 1.4%

Shares of LON RIO traded down GBX 100 during mid-day trading on Wednesday, reaching GBX 7,022. The company had a trading volume of 38,134,520 shares, compared to its average volume of 44,638,148. The stock has a market cap of £114.20 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a 52 week low of GBX 4,248 and a 52 week high of GBX 8,325. The business’s 50-day moving average is GBX 7,633.47 and its 200-day moving average is GBX 7,004.44. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 37.79.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 6 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 7,311, for a total value of £438.66. Insiders own 0.10% of the company’s stock.

About Rio Tinto Group

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.