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

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 7,400 target price on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 3.85% from the stock’s current price.

RIO has been the topic of a number of other reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a report on Tuesday, June 9th. JPMorgan Chase & Co. dropped 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 report on Tuesday, July 28th. Berenberg Bank raised Rio Tinto Group from a “hold” rating to a “buy” rating and boosted their price target for the company from GBX 8,100 to GBX 8,600 in a research note on Thursday, July 30th. Citigroup lowered their price target on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Finally, Royal Bank Of Canada reiterated 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. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 7,707.14.

Rio Tinto Group Price Performance

LON RIO traded up GBX 104 on Tuesday, reaching GBX 7,126. The company’s stock had a trading volume of 1,525,329 shares, compared to its average volume of 30,473,645. Rio Tinto Group has a 52 week low of GBX 4,970.50 and a 52 week 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 firm has a market cap of £115.90 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66. The business has a 50-day moving average price of GBX 7,344.29 and a 200 day moving average price of GBX 7,322.72.

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total value of £265.60. Insiders own 0.10% of the company’s stock.

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.