Rio Tinto Group (LON:RIO) Price Target Raised to GBX 6,950

Rio Tinto Group (LON:RIO) had its target price increased by JPMorgan Chase & Co. from GBX 6,100 to GBX 6,950 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 26.27% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Royal Bank Of Canada lowered their price target on Rio Tinto Group from GBX 5,000 to GBX 4,900 and set a “sector perform” rating on the stock in a research report on Monday. Citigroup upped their price target on shares of Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 5,200 price objective on shares of Rio Tinto Group in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Rio Tinto Group presently has a consensus rating of “Hold” and an average price target of GBX 5,708.33.

Rio Tinto Group Stock Up 1.6%

Shares of LON RIO traded up GBX 87 during mid-day trading on Wednesday, hitting GBX 5,504. The company had a trading volume of 2,437,836 shares, compared to its average volume of 9,983,271. 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 firm has a 50-day simple moving average of GBX 5,211.98 and a two-hundred day simple moving average of GBX 4,740.62. The company has a market capitalization of £89.43 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a one year low of GBX 4,024.50 and a one year high of GBX 5,662.

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.