Deutsche Bank Aktiengesellschaft Reaffirms Hold Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 7,400 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 5.38% from the company’s previous close.

A number of other equities research analysts also recently weighed in on RIO. 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 research note on Friday, July 10th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating and upped their target price for the company from GBX 8,100 to GBX 8,600 in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a report on Tuesday, June 9th. JPMorgan Chase & Co. lowered their price objective on 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. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 6,100 target price on shares of Rio Tinto Group in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of GBX 7,707.14.

Rio Tinto Group Stock Performance

RIO opened at GBX 7,022 on Tuesday. The stock has a market cap of £114.21 billion, a PE ratio of 9.51, a P/E/G 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. Rio Tinto Group has a 1 year low of GBX 4,955.50 and a 1 year high of GBX 8,325. The stock’s 50 day simple moving average is GBX 7,347.53 and its 200-day simple moving average is GBX 7,318.59.

Insiders Place Their Bets

In related news, insider Peter Cunningham sold 4 shares of the firm’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 owned by corporate 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.