Berenberg Bank reissued their buy rating on shares of Rio Tinto Group (LON:RIO – Free Report) in a research note published on Thursday,Digital Look reports. They currently have a GBX 8,700 price objective on the stock.
Several other equities analysts have also weighed in on RIO. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 7,400 target price on shares of Rio Tinto Group in a report on Tuesday, October 6th. Citigroup decreased their price target on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 6,100 price objective on shares of Rio Tinto Group in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. lowered 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 report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 7,721.43.
Check Out Our Latest Stock Report on RIO
Rio Tinto Group Trading Up 0.6%
Shares of LON:RIO opened at GBX 6,816 on Thursday. 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 stock has a market capitalization of £110.85 billion, a PE ratio of 9.23, a P/E/G ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 1 year low of GBX 5,029 and a 1 year high of GBX 8,325. The firm has a fifty day moving average price of GBX 7,299.71 and a 200 day moving average price of GBX 7,338.86.
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.
Further Reading
- Five stocks we like better than Rio Tinto Group
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.
