Rio Tinto Group’s (RIO) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Rio Tinto Group (LON:RIO) in a research report released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 5,300 target price on the stock.

Several other research firms have also recently issued reports on RIO. Citigroup raised their price target on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a “neutral” rating in a report on Monday, November 17th. Royal Bank Of Canada upped their target price on shares of Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the company a “sector perform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Rio Tinto Group presently has an average rating of “Hold” and an average price target of GBX 5,830.

Rio Tinto Group Stock Up 1.4%

Shares of RIO opened at GBX 6,573.87 on Wednesday. The business’s fifty day moving average price is GBX 5,838.39 and its two-hundred day moving average price is GBX 5,163.58. The firm has a market capitalization of £106.82 billion, a price-to-earnings ratio of 10.47, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 52 week low of GBX 4,024.50 and a 52 week high of GBX 6,676. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70.

Insider Activity

In related news, insider Peter Cunningham sold 3,108 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of GBX 5,464, for a total value of £169,821.12. 0.10% of the stock is owned by company insiders.

About Rio Tinto Group

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.