Rio Tinto Group (LON:RIO) Stock Passes Above 200-Day Moving Average – Should You Sell?

Rio Tinto Group (LON:RIO)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 6,540.89 and traded as high as GBX 7,675. Rio Tinto Group shares last traded at GBX 7,640, with a volume of 1,222,582,750 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RIO shares. JPMorgan Chase & Co. upped their price objective on Rio Tinto Group from GBX 7,030 to GBX 7,200 and gave the stock a “neutral” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 6,400 price objective on shares of Rio Tinto Group in a research report on Friday, April 17th. Berenberg Bank decreased their target price on Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 6,900 target price on shares of Rio Tinto Group in a research report on Wednesday, April 22nd. Finally, Citigroup increased their target price on Rio Tinto Group from GBX 7,000 to GBX 7,200 and gave the company a “neutral” rating in a research report on Monday, April 13th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 6,860.

Rio Tinto Group Stock Down 0.0%

The stock has a market cap of £126.28 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of -0.64 and a beta of 0.63. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51. The business has a 50-day moving average price of GBX 7,230.02 and a 200-day moving average price of GBX 6,565.43.

Insiders Place Their Bets

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