Rio Tinto Group (LON:RIO) Given Consensus Recommendation of “Hold” by Analysts

Rio Tinto Group (LON:RIO) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 7,707.14.

A number of analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 6,100 price target on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Shore Capital Group cut their price objective on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. reduced 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 7,400 target price on shares of Rio Tinto Group in a research report on Thursday, July 30th. Finally, Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating and increased their target price for the company from GBX 8,100 to GBX 8,600 in a research note on Thursday, July 30th.

Insider Buying and Selling

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total value of £265.60. Company insiders own 0.10% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of RIO stock opened at GBX 7,059 on Friday. The company’s fifty day simple moving average is GBX 7,177.63 and its 200-day simple moving average is GBX 7,217.03. Rio Tinto Group has a 52 week low of GBX 4,436.50 and a 52 week 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. The company has a market cap of £114.80 billion, a PE ratio of 9.56, a P/E/G ratio of -0.64 and a beta of 0.66.

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.