Rio Tinto Group (LON:RIO) Earns “Buy” Rating from Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Digital Look reports. They currently have a GBX 8,700 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 28.39% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Citigroup lowered their price objective on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 7,400 price objective on shares of Rio Tinto Group in a research report on Tuesday, October 6th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 6,100 target price on shares of Rio Tinto Group in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 7,721.43.

Rio Tinto Group Stock Down 2.1%

Shares of LON:RIO opened at GBX 6,776 on Thursday. Rio Tinto Group has a 52-week low of GBX 5,029 and a 52-week high of GBX 8,325. The stock has a market cap of £110.20 billion, a P/E ratio of 9.18, a PEG ratio of -0.64 and a beta of 0.66. The business has a fifty day moving average of GBX 7,313.61 and a two-hundred day moving average of GBX 7,342.54. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 34.91.

About Rio Tinto Group

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.