Rio Tinto Group (LON:RIO) Given New GBX 6,100 Price Target at Royal Bank Of Canada

Rio Tinto Group (LON:RIO) had its target price hoisted by analysts at Royal Bank Of Canada from GBX 6,000 to GBX 6,100 in a research note issued to investors on Thursday, MarketBeat reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 6.76% from the company’s current price.

A number of other equities analysts have also commented on the stock. Citigroup lifted their price target on shares of Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the stock a “neutral” rating in a report on Monday, November 17th. JPMorgan Chase & Co. increased their price objective on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 5,200 target price on shares of Rio Tinto Group in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 5,830.

Rio Tinto Group Trading Down 1.5%

Shares of LON:RIO opened at GBX 6,542 on Thursday. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34. Rio Tinto Group has a 1 year low of GBX 4,024.50 and a 1 year high of GBX 6,676. The company has a market capitalization of £106.30 billion, a P/E ratio of 10.42, a P/E/G ratio of -0.64 and a beta of 0.59. The business’s 50 day simple moving average is GBX 5,792.54 and its 200 day simple moving average is GBX 5,138.12.

Insider Buying and Selling at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 3,108 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of GBX 5,464, for a total value of £169,821.12. 0.10% of the stock is owned by insiders.

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.