Rio Tinto Group’s (RIO) Neutral Rating Reiterated at Citigroup

Citigroup reiterated their neutral rating on shares of Rio Tinto Group (LON:RIO) in a research report sent to investors on Friday morning, MarketBeat reports.

Several other brokerages have also weighed in on RIO. Deutsche Bank Aktiengesellschaft reduced their price objective on Rio Tinto Group from GBX 6,200 ($79.01) to GBX 6,000 ($76.46) and set a “buy” rating for the company in a report on Monday, September 9th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,200 ($79.01) price objective on shares of Rio Tinto Group in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,228.75 ($79.38).

Rio Tinto Group Stock Performance

LON RIO opened at GBX 4,924 ($62.75) on Friday. The company has a market capitalization of £61.55 billion, a PE ratio of 976.98, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70. Rio Tinto Group has a 52-week low of GBX 4,509 ($57.46) and a 52-week high of GBX 5,910 ($75.32). The company has a 50-day simple moving average of GBX 5,025.49 and a 200 day simple moving average of GBX 5,077.63.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Jakob Stausholm sold 6,489 shares of Rio Tinto Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.57), for a total transaction of £323,671.32 ($412,477.79). Also, insider Simon Henry purchased 200 shares of the stock in a transaction on Wednesday, October 23rd. The shares were purchased at an average price of GBX 4,956 ($63.16) per share, for a total transaction of £9,912 ($12,631.58). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.