Rio Tinto Group (LON:RIO) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Tuesday, October 6th, Digital Look reports. They presently have a GBX 7,400 target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 5.76% from the stock’s previous close.

Several other research firms have also issued reports on RIO. Jefferies Financial Group reiterated a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a research note on Tuesday, June 9th. Berenberg Bank upgraded shares of Rio Tinto Group from a “hold” rating to a “buy” rating and boosted their target price for the company from GBX 8,100 to GBX 8,600 in a research note on Thursday, July 30th. Citigroup lowered their target price on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a report on Friday, July 10th. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 6,100 target price on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rio Tinto Group presently has an average rating of “Hold” and an average price target of GBX 7,707.14.

Rio Tinto Group Price Performance

RIO stock traded down GBX 147 during trading on Tuesday, hitting GBX 6,997. The company had a trading volume of 1,660,609 shares, compared to its average volume of 30,182,639. The company has a fifty day moving average price of GBX 7,345.31 and a two-hundred day moving average price of GBX 7,334.20. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91. The company has a market cap of £113.80 billion, a P/E ratio of 9.48, a P/E/G ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a fifty-two week low of GBX 4,970.50 and a fifty-two week high of GBX 8,325.

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 stock was sold at an average price of GBX 6,640, for a total transaction of £265.60. 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.