Rio Tinto Group (LON:RIO) Earns “Hold” Rating from Deutsche Bank Aktiengesellschaft

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

Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed 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. Jefferies Financial Group reissued a “hold” rating and issued a GBX 8,500 price objective on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating and raised their price target for the stock from GBX 8,100 to GBX 8,600 in a research note on Thursday, July 30th. Citigroup lowered their price objective 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 report on Friday, July 10th. 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 on the stock in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rio Tinto Group has a consensus rating of “Hold” and a consensus price target of GBX 7,707.14.

Rio Tinto Group Price Performance

Shares of LON:RIO remained flat at GBX 7,022 during trading on Tuesday. The stock had a trading volume of 1,684,500 shares, compared to its average volume of 30,622,098. The company has a market cap 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. Rio Tinto Group has a 1-year low of GBX 4,970.50 and a 1-year high of GBX 8,325. The stock has a 50 day moving average price of GBX 7,347.53 and a two-hundred day moving average price of GBX 7,318.59. The company has a debt-to-equity ratio of 34.91, a quick ratio of 1.34 and a current ratio of 1.42.

Insider Buying and Selling

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the firm’s 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 corporate 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.