Rio Tinto Group (LON:RIO) Receives Consensus Rating of “Hold” from Brokerages

Rio Tinto Group (LON:RIO) has earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 7,113.33.

RIO has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,400 target price on shares of Rio Tinto Group in a report on Friday, April 17th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 6,600 price objective on shares of Rio Tinto Group in a research report on Thursday. Shore Capital Group cut their price objective on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and upped their price objective for the stock from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 6,900 price objective on shares of Rio Tinto Group in a research report on Wednesday, April 22nd.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 6 shares of the company’s 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. Corporate insiders own 0.10% of the company’s stock.

Rio Tinto Group Price Performance

Rio Tinto Group stock opened at GBX 7,604 on Tuesday. The firm has a market cap of £123.65 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a 52-week low of GBX 4,110 and a 52-week high of GBX 8,325. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 39.51. The company’s 50 day moving average is GBX 7,506.17 and its two-hundred day moving average is GBX 6,748.76.

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.