Rio Tinto Group (LON:RIO) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Rio Tinto Group (LON:RIO) to a neutral rating in a research note published on Wednesday,Digital Look reports. The brokerage currently has GBX 8,270 target price on the stock, up from their prior target price of GBX 8,250.

Several other brokerages also recently weighed in on RIO. Royal Bank Of Canada decreased their price target on Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating for the company in a report on Thursday, July 16th. Citigroup dropped their price objective on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Shore Capital Group cut their price objective on shares of 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 7,400 target price on shares of Rio Tinto Group in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 8,500 target price on shares of Rio Tinto Group in a report on Tuesday, June 9th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of GBX 7,645.71.

Rio Tinto Group Trading Up 0.2%

Shares of RIO stock opened at GBX 6,869 on Wednesday. The business’s 50 day moving average is GBX 7,362.96 and its two-hundred day moving average is GBX 7,118.86. Rio Tinto Group has a twelve month low of GBX 4,344.50 and a twelve month high of GBX 8,325. The company has a market capitalization of £111.71 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 37.79.

Insider Buying and Selling at Rio Tinto Group

In related news, insider Peter Cunningham sold 4 shares of the company’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total transaction of £265.60. 0.10% of the stock is currently owned by company insiders.

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.