Rio Tinto Group (LON:RIO) Stock Has Average Price Target of GBX 7,707.14 According to Analysts

Shares of Rio Tinto Group (LON:RIO) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 7,707.14.

Several research firms recently issued reports on RIO. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 6,100 target price on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating and increased their price target for the stock from GBX 8,100 to GBX 8,600 in a research note on Thursday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Citigroup decreased their price target 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, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 7,400 price objective on shares of Rio Tinto Group in a research note on Tuesday.

Rio Tinto Group Trading Down 2.0%

LON RIO opened at GBX 7,022 on Monday. Rio Tinto Group has a 12 month low of GBX 4,955.50 and a 12 month high of GBX 8,325. The company has a 50-day moving average of GBX 7,347.53 and a 200-day moving average of GBX 7,318.59. The company has a debt-to-equity ratio of 34.91, a current ratio of 1.42 and a quick ratio of 1.34. The company has a market cap of £114.21 billion, a P/E ratio of 9.51, a P/E/G ratio of -0.64 and a beta of 0.66.

Insiders Place Their Bets

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total transaction of £265.60. Insiders own 0.10% of the company’s stock.

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.