Berenberg Bank Lowers Rio Tinto Group (LON:RIO) Price Target to GBX 8,100

Rio Tinto Group (LON:RIO) had its price target lowered by analysts at Berenberg Bank from GBX 8,200 to GBX 8,100 in a research note issued on Thursday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target points to a potential upside of 21.16% from the stock’s previous close.

Several other analysts have also recently commented on RIO. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 7,400 target price on shares of Rio Tinto Group in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and lifted their price target for the company from GBX 7,200 to GBX 8,280 in a report on Tuesday, May 26th. Royal Bank Of Canada reduced their price target on shares of Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating on the stock in a research report on Thursday. Citigroup decreased their price objective on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 8,500 price objective on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of GBX 7,647.14.

Rio Tinto Group Trading Down 0.8%

RIO stock opened at GBX 6,685.43 on Thursday. The business has a fifty day moving average price of GBX 7,483.12 and a 200 day moving average price of GBX 7,090.51. The company has a debt-to-equity ratio of 37.79, a current ratio of 1.44 and a quick ratio of 1.34. Rio Tinto Group has a fifty-two week low of GBX 4,344.50 and a fifty-two week high of GBX 8,325. The stock has a market capitalization of £108.72 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of -0.64 and a beta of 0.65.

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.