Rio Tinto Group’s (RIO) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Rio Tinto Group (LON:RIO) in a research note published on Wednesday morning,Digital Look reports. They currently have a GBX 6,900 price objective on the stock.

A number of other equities analysts have also weighed in on the stock. Berenberg Bank cut their price objective on shares of Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Rio Tinto Group from GBX 7,030 to GBX 7,200 and gave the company a “neutral” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of Rio Tinto Group from GBX 7,000 to GBX 7,200 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,400 price objective on shares of Rio Tinto Group in a research report on Friday, April 17th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Rio Tinto Group presently has a consensus rating of “Hold” and an average price target of GBX 6,860.

Rio Tinto Group Stock Performance

LON:RIO opened at GBX 7,381 on Wednesday. The firm has a 50 day simple moving average of GBX 7,023.30 and a 200-day simple moving average of GBX 6,247.14. The company has a debt-to-equity ratio of 39.51, a current ratio of 1.44 and a quick ratio of 1.34. The firm has a market cap of £120.03 billion, a PE ratio of 12.13, a P/E/G ratio of -0.64 and a beta of 0.64. Rio Tinto Group has a 1-year low of GBX 4,110 and a 1-year high of GBX 7,575.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 6 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of GBX 7,311, for a total value of £438.66. Company insiders own 0.10% of the company’s stock.

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.