JPMorgan Chase & Co. Reiterates “Not Rated” Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO)‘s stock had its “not rated” rating restated by equities research analysts at JPMorgan Chase & Co. in a report issued on Thursday, Marketbeat.com reports.

RIO has been the subject of a number of other reports. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,300 ($79.28) price target on shares of Rio Tinto Group in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($80.53) price objective on shares of Rio Tinto Group in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,241.25 ($78.54).

Rio Tinto Group Stock Up 0.5 %

Shares of RIO stock traded up GBX 26 ($0.33) on Thursday, hitting GBX 5,062 ($63.70). 2,008,439 shares of the stock were exchanged, compared to its average volume of 2,645,224. The business has a 50-day moving average of GBX 4,866.32 and a 200 day moving average of GBX 4,909.55. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($56.74) and a fifty-two week high of GBX 5,854 ($73.66). The firm has a market capitalization of £106.22 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28.

Insiders Place Their Bets

In other Rio Tinto Group news, insider Jakob Stausholm sold 6,489 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.77), for a total value of £323,671.32 ($407,287.43). 14.62% of the stock is owned by insiders.

About Rio Tinto Group