Rio Tinto Group (LON:RIO) Given Average Rating of “Hold” by Analysts

Rio Tinto Group (LON:RIO) has been given an average rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is £177.97.

Several research analysts recently commented on RIO shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 6,400 target price on shares of Rio Tinto Group in a research report on Friday, April 17th. Citigroup raised their target price on Rio Tinto Group from £760 to £810 and gave the stock a “neutral” rating in a research report on Monday, June 8th. Shore Capital Group reduced their target price on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and raised their target price for the stock from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 6,600 target price on shares of Rio Tinto Group in a research report on Thursday, June 4th.

Rio Tinto Group Stock Down 0.3%

Shares of RIO stock opened at GBX 7,168 on Friday. The stock has a market cap of £116.57 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a one year low of GBX 4,187 and a one year high of GBX 8,325. The stock has a fifty day moving average price of GBX 7,642.85 and a 200 day moving average price of GBX 6,971.65. The company has a debt-to-equity ratio of 37.79, a current ratio of 1.44 and a quick ratio of 1.34.

Insider Activity

In other Rio Tinto Group news, insider Peter Cunningham sold 6 shares of Rio Tinto Group stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total transaction of £438.66. Insiders own 0.10% of the company’s stock.

Rio Tinto Group Company Profile

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.