Rio Tinto Group (LON:RIO) Stock Rating Reaffirmed as Hold by Deutsche Bank Aktiengesellschaft

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

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lowered 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 note on Tuesday, July 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 8,500 target price on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Citigroup lowered their price target on 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. Royal Bank Of Canada restated an “underperform” rating and set a GBX 6,100 price target on shares of Rio Tinto Group in a research note on Wednesday, July 29th. Finally, Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating and increased their price objective for the company from GBX 8,100 to GBX 8,600 in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 7,707.14.

Rio Tinto Group Stock Down 2.0%

Shares of RIO traded down GBX 142 during trading hours on Tuesday, hitting GBX 7,022. The company had a trading volume of 3,311,913 shares, compared to its average volume of 30,771,373. The company’s fifty day moving average price is GBX 7,346.64 and its two-hundred day moving average price is GBX 7,313.82. Rio Tinto Group has a one year low of GBX 4,955.50 and a one year high of GBX 8,325. 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 capitalization of £114.21 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66.

Insider Activity 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 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.

About Rio Tinto Group

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.