Analysts Set Rio Tinto Group (LON:RIO) Price Target at GBX 7,707.14

Rio Tinto Group (LON:RIO) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 7,707.14.

A number of equities analysts have recently issued reports on the company. Shore Capital Group dropped their price target 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 7,400 price objective on shares of Rio Tinto Group in a research note on Thursday, July 30th. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating and increased their target price for the stock from GBX 8,100 to GBX 8,600 in a report on Thursday, July 30th. JPMorgan Chase & Co. cut their target price on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Finally, Citigroup reduced 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 report on Friday, July 10th.

Rio Tinto Group Trading Down 0.0%

Shares of LON RIO opened at GBX 7,199 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 34.91. The business has a fifty day simple moving average of GBX 7,252.34 and a two-hundred day simple moving average of GBX 7,289.20. The firm has a market cap of £117.08 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a twelve month low of GBX 4,555.50 and a twelve month high of GBX 8,325.

Insider Transactions at Rio Tinto Group

In related news, insider Peter Cunningham sold 4 shares of Rio Tinto Group stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total transaction of £265.60. 0.10% of the stock is currently 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.