Rio Tinto Group (LON:RIO) Given Buy Rating at Berenberg Bank

Posted by Amy Steele on Feb 21st, 2025

Berenberg Bank reaffirmed their buy rating on shares of Rio Tinto Group (LON:RIO – Free Report) in a research report report published on Thursday morning, Marketbeat Ratings reports. The firm currently has a GBX 6,300 ($79.83) price objective on the stock.

RIO has been the subject of several other reports. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($81.09) price target on shares of Rio Tinto Group in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,241.25 ($79.08).

Get Our Latest Stock Analysis on Rio Tinto Group

Rio Tinto Group Trading Up 0.9 %

RIO opened at GBX 5,108 ($64.72) on Thursday. The firm has a market cap of £107.18 billion, a price-to-earnings ratio of 9.67, a PEG 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. Rio Tinto Group has a 12 month low of GBX 4,509 ($57.13) and a 12 month high of GBX 5,854 ($74.18). The stock has a fifty day moving average price of GBX 4,867.56 and a 200-day moving average price of GBX 4,910.36.

Insider Activity at Rio Tinto Group

In related news, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.20), for a total transaction of £323,671.32 ($410,125.85). 14.62% of the stock is currently owned by corporate insiders.