Rio Tinto Group (LON:RIO) Insider Sells £265.60 in Stock

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 4 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total transaction of £265.60.

Rio Tinto Group Stock Up 0.2%

Rio Tinto Group stock opened at GBX 6,869 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 37.79. The firm has a market cap of £111.71 billion, a P/E ratio of 11.29, a P/E/G ratio of -0.64 and a beta of 0.65. The business has a fifty day moving average of GBX 7,362.96 and a two-hundred day moving average of GBX 7,118.86. Rio Tinto Group has a twelve month low of GBX 4,344.50 and a twelve month high of GBX 8,325.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and raised their price objective for the company from GBX 8,250 to GBX 8,270 in a research report on Wednesday. Citigroup reduced their target price on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 7,400 price target on shares of Rio Tinto Group in a research report on Wednesday, July 1st. Royal Bank Of Canada cut their price objective on shares of Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating on the stock in a research report on Thursday, July 16th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a research note on Tuesday, June 9th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of GBX 7,645.71.

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.