Rio Tinto Group (LON:RIO) Sets New 1-Year Low – Should You Sell?

Shares of Rio Tinto Group (LON:RIO) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 4,440 ($57.65) and last traded at GBX 4,516.50 ($58.65), with a volume of 22401670 shares. The stock had previously closed at GBX 4,601.50 ($59.75).

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RIO. JPMorgan Chase & Co. reaffirmed a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($83.11) price objective on shares of Rio Tinto Group in a report on Friday, December 6th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 6,300 ($81.81) target price on shares of Rio Tinto Group in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,241.25 ($81.04).

Rio Tinto Group Trading Down 2.0 %

The business has a fifty day moving average price of GBX 4,877.19 and a 200 day moving average price of GBX 4,898.75. The company has a market capitalization of £94.60 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34.

Insider Activity at Rio Tinto Group

In other news, insider Ngaire Woods bought 516 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of GBX 4,820 ($62.59) per share, for a total transaction of £24,871.20 ($32,296.07). Also, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($65.91), for a total transaction of £31,521.96 ($40,932.29). Corporate insiders own 14.62% of the company’s stock.

About Rio Tinto Group