Rio Tinto Group (LON:RIO) Receives GBX 6,338.33 Consensus PT from Analysts

Rio Tinto Group (LON:RIO) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 6,338.33 ($79.46).

Several research firms have weighed in on RIO. JPMorgan Chase & Co. lowered their target price on Rio Tinto Group from GBX 6,500 ($81.48) to GBX 6,430 ($80.61) and set an “overweight” rating on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Rio Tinto Group from GBX 6,200 ($77.72) to GBX 6,000 ($75.22) and set a “buy” rating on the stock in a research note on Monday, September 9th. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 5,700 ($71.46) target price on shares of Rio Tinto Group in a research note on Thursday, August 1st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 6,200 ($77.72) price target on shares of Rio Tinto Group in a research note on Tuesday, October 15th.

Insider Transactions at Rio Tinto Group

In related news, insider Simon Henry bought 200 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 4,956 ($62.13) per share, for a total transaction of £9,912 ($12,425.72). 14.62% of the stock is currently owned by corporate insiders.

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at GBX 4,945 ($61.99) on Friday. The stock has a market cap of £61.81 billion, a PE ratio of 981.15, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 12 month low of GBX 4,509 ($56.53) and a 12 month high of GBX 5,910 ($74.09). The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. The business has a fifty day simple moving average of GBX 4,976.29 and a 200-day simple moving average of GBX 5,117.80.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.