Rio Tinto Group (LON:RIO) Given New GBX 8,200 Price Target at JPMorgan Chase & Co.

Rio Tinto Group (LON:RIO) had its price objective cut by research analysts at JPMorgan Chase & Co. from GBX 8,270 to GBX 8,200 in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 20.27% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada cut their price objective on shares of Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating for the company in a research report on Thursday, July 16th. Citigroup dropped their price target on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a research note on Friday, July 10th. Berenberg Bank cut their price target on shares of Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating for the company in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 7,400 price target on shares of Rio Tinto Group in a report on Wednesday, July 1st. Finally, Shore Capital Group decreased their price objective on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a report on Tuesday, June 2nd. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rio Tinto Group presently has a consensus rating of “Reduce” and a consensus target price of GBX 7,635.71.

Rio Tinto Group Trading Down 0.2%

Shares of RIO stock opened at GBX 6,818 on Tuesday. The company’s 50-day moving average price is GBX 7,345.06 and its 200-day moving average price is GBX 7,129.90. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 37.79. The stock has a market cap of £110.88 billion, a price-to-earnings ratio of 11.21, a PEG ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a twelve month low of GBX 4,344.50 and a twelve month high of GBX 8,325.

Insider Transactions at Rio Tinto Group

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