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

Shares of Rio Tinto Group (LON:RIO) have received an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 7,707.14.

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

Insider Buying and Selling

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

Rio Tinto Group Stock Performance

Shares of LON RIO opened at GBX 7,092.73 on Monday. The stock’s 50-day moving average is GBX 7,344.29 and its 200 day moving average is GBX 7,329.33. The stock has a market cap of £115.36 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 1-year low of GBX 4,970.50 and a 1-year high of GBX 8,325. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91.

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.