Brokerages Set Rio Tinto Group (LON:RIO) Price Target at GBX 6,228.75

Shares of Rio Tinto Group (LON:RIO) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 6,203.75 ($78.30).

A number of brokerages have recently weighed in on RIO. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,400 ($80.78) price target on shares of Rio Tinto Group in a research note on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,000 ($75.73) price objective on shares of Rio Tinto Group in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Rio Tinto Group from GBX 6,200 ($78.25) to GBX 6,000 ($75.73) and set a “buy” rating on the stock in a research report on Monday, September 9th.

Insider Activity

In other Rio Tinto Group news, insider Simon Henry purchased 200 shares of Rio Tinto Group stock in a transaction on Wednesday, October 23rd. The shares were bought at an average price of GBX 4,956 ($62.55) per share, with a total value of £9,912 ($12,510.41). Also, insider Jakob Stausholm sold 6,489 shares of Rio Tinto Group stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.96), for a total value of £323,671.32 ($408,521.17). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Stock Performance

LON:RIO opened at GBX 4,900 ($61.85) on Wednesday. Rio Tinto Group has a 52 week low of GBX 4,509 ($56.91) and a 52 week high of GBX 5,910 ($74.59). The company has a fifty day simple moving average of GBX 5,034.01 and a two-hundred day simple moving average of GBX 5,074.13. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. The company has a market cap of £61.25 billion, a price-to-earnings ratio of 985.02, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

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.