Rio Tinto Group’s (RIO) “Underperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their underperform rating on shares of Rio Tinto Group (LON:RIO) in a research note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a GBX 6,100 price target on the stock.

RIO has been the subject of a number of other research reports. Berenberg Bank lowered their price objective on Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating for the company in a research report on Thursday, July 16th. Shore Capital Group reduced their target price on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a research report on Tuesday, June 2nd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 8,500 price target on shares of Rio Tinto Group in a report on Tuesday, June 9th. JPMorgan Chase & Co. dropped their price target on Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Citigroup dropped their price target on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 7,707.14.

Rio Tinto Group Price Performance

Shares of RIO opened at GBX 7,174 on Wednesday. The company has a 50 day moving average of GBX 7,293.37 and a two-hundred day moving average of GBX 7,147.78. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 34.91. Rio Tinto Group has a twelve month low of GBX 4,344.50 and a twelve month high of GBX 8,325. The company has a market cap of £116.67 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65.

Insiders Place Their Bets

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total transaction of £265.60. 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.