Rio Tinto Group (LON:RIO) Stock Now Rated “Hold” by Sell-Side Analysts

Rio Tinto Group (LON:RIO) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 7,721.43.

Several analysts have recently issued reports on the company. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 6,100 price objective on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Citigroup cut their target price on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a research note on Friday, July 10th. Berenberg Bank restated a “buy” rating and issued a GBX 8,700 target price on shares of Rio Tinto Group in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 7,400 price target on shares of Rio Tinto Group in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. decreased 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.

Rio Tinto Group Price Performance

Shares of LON:RIO opened at GBX 6,078 on Friday. The company has a debt-to-equity ratio of 34.91, a quick ratio of 1.34 and a current ratio of 1.42. The business’s fifty day moving average price is GBX 7,040.82 and its two-hundred day moving average price is GBX 7,153.99. The stock has a market cap of £98.85 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a one year low of GBX 5,159 and a one year high of GBX 8,325.

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.