Rio Tinto Group (LON:RIO) Price Target Raised to GBX 7,200

Rio Tinto Group (LON:RIO) had its price target increased by JPMorgan Chase & Co. from GBX 7,030 to GBX 7,200 in a research report released on Wednesday,Digital Look reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also weighed in on RIO. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,400 target price on shares of Rio Tinto Group in a report on Friday, April 17th. Citigroup boosted their target price on shares of Rio Tinto Group from GBX 7,000 to GBX 7,200 and gave the company a “neutral” rating in a report on Monday, April 13th. Finally, Berenberg Bank decreased their target price on shares of Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Rio Tinto Group presently has an average rating of “Hold” and an average price target of GBX 6,860.

Rio Tinto Group Stock Down 0.6%

Shares of LON RIO opened at GBX 7,381 on Wednesday. Rio Tinto Group has a 12-month low of GBX 4,110 and a 12-month high of GBX 7,575. The stock has a market cap of £120.03 billion, a PE ratio of 12.13, a P/E/G ratio of -0.64 and a beta of 0.64. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51. The company has a 50-day moving average of GBX 7,023.30 and a 200 day moving average of GBX 6,247.14.

Insider Buying and Selling at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 6 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 7,311, for a total transaction of £438.66. Insiders own 0.10% of the company’s stock.

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.