Rio Tinto Group’s (RIO) Hold Rating Reiterated at Jefferies Financial Group

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a report issued on Tuesday,Digital Look reports. They currently have a GBX 8,500 target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 11.43% from the stock’s current price.

A number of other research firms also recently commented on RIO. Shore Capital Group lowered their target price on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a research report on Tuesday, June 2nd. Citigroup raised their target price on shares of Rio Tinto Group from £760 to £810 and gave the company a “neutral” rating in a report on Monday. 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 report on Friday, April 17th. JPMorgan Chase & Co. raised shares of Rio Tinto Group to a “neutral” rating and upped their price target for the company from GBX 7,200 to GBX 8,280 in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 6,900 price objective on shares of Rio Tinto Group in a research report on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of £177.97.

Rio Tinto Group Stock Performance

LON RIO opened at GBX 7,628 on Tuesday. The company has a debt-to-equity ratio of 39.51, a current ratio of 1.44 and a quick ratio of 1.34. Rio Tinto Group has a 1-year low of GBX 4,110 and a 1-year high of GBX 8,325. The business has a 50 day simple moving average of GBX 7,529.51 and a two-hundred day simple moving average of GBX 6,774.60. The stock has a market capitalization of £124.05 billion, a PE ratio of 12.54, a P/E/G ratio of -0.64 and a beta of 0.65.

Insider Activity at Rio Tinto Group

In related news, insider Peter Cunningham sold 6 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 7,311, for a total value of £438.66. Corporate insiders own 0.10% of the company’s stock.

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.