Rio Tinto Group’s (RIO) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 7,400 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 3.85% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 6,100 price target on shares of Rio Tinto Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from GBX 8,100 to GBX 8,600 in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 8,500 target price on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Finally, Citigroup reduced their target price on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rio Tinto Group presently has a consensus rating of “Hold” and a consensus price target of GBX 7,707.14.

Rio Tinto Group Stock Up 1.5%

Shares of LON:RIO traded up GBX 104 during trading on Tuesday, hitting GBX 7,126. 1,525,329 shares of the company were exchanged, compared to its average volume of 30,473,645. The stock has a market capitalization of £115.90 billion, a P/E ratio of 9.65, a PEG ratio of -0.64 and a beta of 0.66. The company has a debt-to-equity ratio of 34.91, a current ratio of 1.42 and a quick ratio of 1.34. Rio Tinto Group has a 12-month low of GBX 4,970.50 and a 12-month high of GBX 8,325. The firm’s 50 day moving average price is GBX 7,344.29 and its 200-day moving average price is GBX 7,322.72.

Insider Transactions at Rio Tinto Group

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

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.