Rio Tinto Group’s (RIO) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 7,400 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 5.38% from the company’s current price.

A number of other research firms have also issued reports on RIO. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 6,100 price target on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Citigroup cut 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. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating and lifted their price target for the company from GBX 8,100 to GBX 8,600 in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 8,500 price objective on shares of Rio Tinto Group in a report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. cut their target price on Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 7,707.14.

Rio Tinto Group Price Performance

LON RIO remained flat at GBX 7,022 during trading hours on Tuesday. 1,684,500 shares of the company traded hands, compared to its average volume of 30,622,098. Rio Tinto Group has a one year low of GBX 4,970.50 and a one year high of GBX 8,325. The company has a market cap of £114.21 billion, a P/E ratio of 9.51, a PEG ratio of -0.64 and a beta of 0.66. 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 company’s 50-day moving average is GBX 7,345.25 and its 200-day moving average is GBX 7,324.11.

Insider Activity at Rio Tinto Group

In related news, insider Peter Cunningham sold 4 shares of the 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. Corporate 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.