Rio Tinto Group (LON:RIO) Receives Average Recommendation of “Hold” from Analysts

Shares of Rio Tinto Group (LON:RIO) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 7,113.33.

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Rio Tinto Group from GBX 7,200 to GBX 7,600 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Berenberg Bank dropped their price objective on shares of Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 6,900 price objective on shares of Rio Tinto Group in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. raised shares of Rio Tinto Group to a “neutral” rating and increased their price objective for the company from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,400 price objective on shares of Rio Tinto Group in a research report on Friday, April 17th.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 6 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 7,311, for a total value of £438.66. 0.10% of the stock is owned by insiders.

Rio Tinto Group Price Performance

LON:RIO opened at GBX 8,051 on Tuesday. The company has a market cap of £130.92 billion, a P/E ratio of 13.23, a P/E/G ratio of -0.64 and a beta of 0.63. The firm’s fifty day moving average price is GBX 7,380.74 and its two-hundred day moving average price is GBX 6,685.67. Rio Tinto Group has a one year low of GBX 4,110 and a one year high of GBX 8,275. The company has a debt-to-equity ratio of 39.51, a current ratio of 1.44 and a quick ratio of 1.34.

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.