Rio Tinto Group (LON:RIO) Stock Has Average Price Target of GBX 7,707.14 According to Brokerages

Shares of Rio Tinto Group (LON:RIO) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 7,707.14.

A number of research firms have issued reports on RIO. JPMorgan Chase & Co. decreased their price objective on Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Citigroup dropped their target price on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a report on Friday, July 10th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating and upped their target price for the stock from GBX 8,100 to GBX 8,600 in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 7,400 price target on shares of Rio Tinto Group in a research note on Tuesday. Finally, Royal Bank Of Canada reissued an “underperform” rating and set a GBX 6,100 price objective on shares of Rio Tinto Group in a research note on Wednesday, July 29th.

Rio Tinto Group Stock Up 1.5%

Shares of LON RIO opened at GBX 7,126 on Monday. The firm has a fifty day simple moving average of GBX 7,344.29 and a two-hundred day simple moving average of GBX 7,322.72. Rio Tinto Group has a 12 month low of GBX 4,970.50 and a 12 month high of GBX 8,325. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91. The firm has a market capitalization of £115.90 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 4 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total transaction of £265.60. 0.10% of the stock is owned by insiders.

Rio Tinto Group Company Profile

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.