Rio Tinto Group (LON:RIO) Given Average Rating of “Hold” by Analysts

Rio Tinto Group (LON:RIO) has earned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 5,325.

A number of equities analysts have commented on RIO shares. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 4,700 price objective on shares of Rio Tinto Group in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on shares of Rio Tinto Group from GBX 4,700 to GBX 4,900 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto Group to a “hold” rating and decreased their price objective for the stock from GBX 5,300 to GBX 5,100 in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Rio Tinto Group from GBX 5,570 to GBX 5,450 and set an “overweight” rating for the company in a report on Thursday, July 31st.

Rio Tinto Group Stock Up 1.5%

RIO stock opened at GBX 4,601 on Monday. Rio Tinto Group has a twelve month low of GBX 4,024.50 and a twelve month high of GBX 5,474. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The company has a market capitalization of £96.55 billion, a P/E ratio of 8.71, a PEG ratio of -0.64 and a beta of 0.59. The firm has a 50 day simple moving average of GBX 4,437.42 and a 200-day simple moving average of GBX 4,564.62.

Rio Tinto Group Company Profile