Insider Selling: Rio Tinto Group (LON:RIO) Insider Sells 6,489 Shares of Stock

Rio Tinto Group (LON:RIO) insider Jakob Stausholm sold 6,489 shares of Rio Tinto Group stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.59), for a total transaction of £323,671.32 ($412,635.54).

Rio Tinto Group Trading Down 0.8 %

Shares of RIO opened at GBX 4,924 ($62.77) on Friday. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($57.48) and a fifty-two week high of GBX 5,910 ($75.34). The business has a 50-day moving average of GBX 5,022.32 and a 200 day moving average of GBX 5,089. The firm has a market cap of £61.55 billion, a P/E ratio of 976.98, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Rio Tinto Group from GBX 6,200 ($79.04) to GBX 6,000 ($76.49) and set a “buy” rating for the company in a research report on Monday, September 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($81.59) target price on shares of Rio Tinto Group in a research report on Friday. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a report on Friday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 6,200 ($79.04) price objective on shares of Rio Tinto Group in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 6,228.75 ($79.41).

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.