Rio Tinto Group (LON:RIO) Stock Keeps Buy Rating at Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a note issued to investors on Thursday, Digital Look reports. They presently have a GBX 8,700 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 30.83% from the stock’s current price.

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

Rio Tinto Group Stock Down 3.9%

Shares of RIO opened at GBX 6,650 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91. Rio Tinto Group has a 12 month low of GBX 5,029 and a 12 month high of GBX 8,325. The stock’s 50 day moving average is GBX 7,327.23 and its two-hundred day moving average is GBX 7,340.76. The firm has a market cap of £108.15 billion, a P/E ratio of 9.01, a PEG ratio of -0.64 and a beta of 0.66.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 4 shares of Rio Tinto Group 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 value of £265.60. 0.10% of the stock is currently owned by company 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.