Rio Tinto Group’s (RIO) “Hold” Rating Reaffirmed at Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by Berenberg Bank in a research note issued on Wednesday, MarketBeat reports. They presently have a GBX 5,300 price target on the stock. Berenberg Bank’s price objective points to a potential downside of 19.05% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Citigroup raised their price target on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a “neutral” rating in a research note on Monday, November 17th. Finally, Royal Bank Of Canada upped their price objective on Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the stock a “sector perform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Rio Tinto Group presently has a consensus rating of “Hold” and an average target price of GBX 5,830.

Rio Tinto Group Stock Performance

LON RIO opened at GBX 6,547 on Wednesday. The stock has a fifty day simple moving average of GBX 5,792.54 and a 200-day simple moving average of GBX 5,138.12. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The stock has a market cap of £106.38 billion, a PE ratio of 10.43, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a twelve month low of GBX 4,024.50 and a twelve month high of GBX 6,676.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 3,108 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of GBX 5,464, for a total transaction of £169,821.12. 0.10% of the stock is currently owned by corporate 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.