JPMorgan Chase & Co. Upgrades Rio Tinto Group (LON:RIO) to “Neutral”

Rio Tinto Group (LON:RIO) was upgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The firm currently has a GBX 8,280 target price on the stock, up from their prior target price of GBX 7,200. JPMorgan Chase & Co.‘s target price points to a potential upside of 4.44% from the company’s current price.

A number of other research analysts also recently weighed in on RIO. Berenberg Bank decreased their price target on Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 6,400 price target on shares of Rio Tinto Group in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 6,900 price target on shares of Rio Tinto Group in a research note on Wednesday, April 22nd. Finally, Citigroup lifted their target price on Rio Tinto Group from GBX 7,000 to GBX 7,200 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Rio Tinto Group presently has an average rating of “Hold” and an average target price of GBX 7,156.

Rio Tinto Group Stock Up 2.1%

RIO stock opened at GBX 7,928 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 39.51. The business has a 50 day moving average price of GBX 7,248.49 and a two-hundred day moving average price of GBX 6,591.43. The company has a market cap of £128.92 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of -0.64 and a beta of 0.63. Rio Tinto Group has a twelve month low of GBX 4,110 and a twelve month high of GBX 8,275.

Insider Transactions at Rio Tinto Group

In related news, insider Peter Cunningham sold 6 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total value of £438.66. 0.10% of the stock is owned by company 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.