Peter Cunningham Sells 4 Shares of Rio Tinto Group (LON:RIO) Stock

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 4 shares of Rio Tinto Group stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total value of £265.60.

Rio Tinto Group Stock Performance

LON RIO opened at GBX 6,856 on Friday. The firm’s fifty day moving average price is GBX 7,380.90 and its two-hundred day moving average price is GBX 7,120.62. The stock has a market cap of £111.50 billion, a PE ratio of 11.27, a PEG ratio of -0.64 and a beta of 0.65. 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 company has a debt-to-equity ratio of 37.79, a quick ratio of 1.34 and a current ratio of 1.44.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup cut their price target on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Berenberg Bank dropped their price objective on shares of Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating for the company in a report on Thursday, July 16th. JPMorgan Chase & Co. upgraded shares of Rio Tinto Group to a “neutral” rating and lifted their target price for the stock from GBX 8,250 to GBX 8,270 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 7,400 target price on shares of Rio Tinto Group in a report on Wednesday, July 1st. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 8,500 price target on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of GBX 7,645.71.

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.