Analysts Set Rio Tinto Group (LON:RIO) Target Price at GBX 6,241.25

Rio Tinto Group (LON:RIO) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 6,241.25 ($80.59).

A number of research analysts have recently issued reports on RIO shares. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a report on Thursday, February 20th. Berenberg Bank reissued a “buy” rating and set a GBX 6,300 ($81.35) price target on shares of Rio Tinto Group in a research report on Thursday, February 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($82.64) price target on shares of Rio Tinto Group in a research report on Friday, December 6th. Finally, Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th.

Rio Tinto Group Stock Down 1.8 %

Shares of LON RIO opened at GBX 4,757 ($61.43) on Friday. The stock has a market capitalization of £99.82 billion, a P/E ratio of 9.01, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a 50-day moving average price of GBX 4,913.28 and a 200-day moving average price of GBX 4,902.05. Rio Tinto Group has a 1 year low of GBX 4,509 ($58.23) and a 1 year high of GBX 5,854 ($75.59). The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34.

Insiders Place Their Bets

In other news, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($65.55), for a total value of £31,521.96 ($40,705.01). Also, insider Ngaire Woods bought 516 shares of Rio Tinto Group stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of GBX 4,820 ($62.24) per share, with a total value of £24,871.20 ($32,116.74). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Company Profile