Rio Tinto Group (LON:RIO) Price Target Raised to GBX 6,100

Rio Tinto Group (LON:RIO) had its price objective increased by Royal Bank Of Canada from GBX 6,000 to GBX 6,100 in a research note published on Thursday, Marketbeat reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

RIO has been the subject of several other reports. JPMorgan Chase & Co. boosted their price target on Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Berenberg Bank restated a “hold” rating and set a GBX 5,200 price objective on shares of Rio Tinto Group in a research note on Wednesday, October 15th. Finally, Citigroup upped their target price on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a “neutral” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rio Tinto Group has a consensus rating of “Hold” and an average price target of GBX 5,830.

Rio Tinto Group Stock Up 1.4%

LON:RIO opened at GBX 6,573.87 on Thursday. The stock has a 50-day moving average price of GBX 5,838.39 and a two-hundred day moving average price of GBX 5,169.54. Rio Tinto Group has a 1 year low of GBX 4,024.50 and a 1 year high of GBX 6,676. The stock has a market cap of £106.82 billion, a price-to-earnings ratio of 10.47, a PEG ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28.

Insider Buying and Selling

In other Rio Tinto Group news, insider Peter Cunningham sold 3,108 shares of the company’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.