Rio Tinto Group’s (RIO) “Buy” Rating Reaffirmed at Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report issued on Thursday, Digital Look reports. They currently have a GBX 8,700 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 30.83% from the company’s current price.

A number of other research analysts have also weighed in on RIO. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 7,400 target price on shares of Rio Tinto Group in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lowered their target price on Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 6,100 price target on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Finally, Citigroup cut their price target on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rio Tinto Group presently has an average rating of “Hold” and an average target price of GBX 7,721.43.

Rio Tinto Group Stock Performance

RIO opened at GBX 6,650 on Thursday. Rio Tinto Group has a twelve month low of GBX 5,029 and a twelve month high of GBX 8,325. The firm has a market capitalization of £108.15 billion, a PE ratio of 9.01, a PEG ratio of -0.64 and a beta of 0.66. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91. The firm’s 50-day moving average price is GBX 7,327.23 and its 200 day moving average price is GBX 7,340.76.

Insider Buying and Selling at Rio Tinto Group

In related news, insider Peter Cunningham sold 4 shares of Rio Tinto Group stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total value of £265.60. 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.