Rio Tinto Group (LON:RIO) Given Consensus Rating of “Hold” by Brokerages

Rio Tinto Group (LON:RIO) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 7,707.14.

Several brokerages have issued reports on RIO. Citigroup cut 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 report on Friday, July 10th. 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. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 6,100 target price on shares of Rio Tinto Group in a report on Wednesday, July 29th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating and lifted their price target for the company from GBX 8,100 to GBX 8,600 in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 7,400 price target on shares of Rio Tinto Group in a research note on Thursday, July 30th.

Rio Tinto Group Stock Performance

Shares of RIO opened at GBX 7,648 on Friday. Rio Tinto Group has a one year low of GBX 4,511.44 and a one year high of GBX 8,325. The company has a market cap of £124.38 billion, a PE ratio of 10.36, a P/E/G ratio of -0.64 and a beta of 0.66. The stock has a 50-day moving average of GBX 7,153.35 and a 200-day moving average of GBX 7,238.36. The company has a debt-to-equity ratio of 34.91, a current ratio of 1.42 and a quick ratio of 1.34.

Insider Activity at Rio Tinto Group

In related news, insider Peter Cunningham sold 4 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total value of £265.60. 0.10% of the stock is currently owned by 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.