Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell Reaffirms “Buy” Rating for Rio Tinto Group (RIO.L) (LON:RIO)

Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated their buy rating on shares of Rio Tinto Group (RIO.L) (LON:RIO) in a report released on Tuesday, AnalystRatings.net reports. They currently have a GBX 5,300 ($69.24) price target on the stock.

A number of other research analysts also recently weighed in on the company. Morgan Stanley reaffirmed a neutral rating and set a GBX 4,290 ($56.05) price target on shares of Rio Tinto Group (RIO.L) in a research note on Thursday, September 24th. Credit Suisse Group set a GBX 4,100 ($53.57) price target on Rio Tinto Group (RIO.L) and gave the stock a sell rating in a research note on Monday, September 28th. JPMorgan Chase & Co. set a GBX 6,300 ($82.31) price target on Rio Tinto Group (RIO.L) and gave the stock a buy rating in a research note on Friday, October 16th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and set a GBX 5,000 ($65.33) price target on shares of Rio Tinto Group (RIO.L) in a research note on Friday, September 11th. Finally, Jefferies Financial Group set a GBX 5,400 ($70.55) price target on Rio Tinto Group (RIO.L) and gave the stock a buy rating in a research note on Friday, September 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 4,866.15 ($63.58).

Shares of LON:RIO opened at GBX 4,334 ($56.62) on Tuesday. The company has a market capitalization of $58.52 billion and a price-to-earnings ratio of 9.83. The company has a debt-to-equity ratio of 31.56, a current ratio of 1.61 and a quick ratio of 1.23. The business’s 50-day moving average is GBX 4,738.10 and its 200-day moving average is GBX 4,482.61. Rio Tinto Group has a 1 year low of GBX 2,954 ($38.59) and a 1 year high of GBX 5,175 ($67.61).

Rio Tinto Group (RIO.L) Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminum smelting; bauxite mining; alumina refining; and ilmenite, rutile, and zircon mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto Group (RIO.L) (LON:RIO)

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