Rio Tinto Group (LON:RIO) Receives £177.97 Average PT from Brokerages

Shares of Rio Tinto Group (LON:RIO) have been given an average rating of “Reduce” by the seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is £178.69.

Several research analysts have recently commented on RIO shares. Shore Capital Group lowered their price target 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. Citigroup boosted their price objective on Rio Tinto Group from £760 to £810 and gave the company a “neutral” rating in a report on Monday, June 8th. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and increased their target price for the stock from GBX 7,200 to GBX 8,280 in a research note on Tuesday, May 26th. Jefferies Financial Group restated a “hold” rating and set a GBX 8,500 target price on shares of Rio Tinto Group in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 6,400 target price on shares of Rio Tinto Group in a research report on Wednesday.

Rio Tinto Group Stock Down 0.0%

Rio Tinto Group stock opened at GBX 7,078.69 on Friday. The company has a market capitalization of £115.12 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. The company has a debt-to-equity ratio of 37.79, a quick ratio of 1.34 and a current ratio of 1.44. Rio Tinto Group has a fifty-two week low of GBX 4,248 and a fifty-two week high of GBX 8,325. The firm has a 50 day moving average price of GBX 7,615.04 and a 200 day moving average price of GBX 7,025.02.

Insider Activity at Rio Tinto Group

In other news, insider Peter Cunningham sold 6 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were 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.