Brokerages Set Rio Tinto Group (LON:RIO) Price Target at GBX 7,707.14

Shares of Rio Tinto Group (LON:RIO) have been given an average rating of “Hold” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 7,707.14.

Several equities analysts recently weighed in on RIO shares. Citigroup cut their price target on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 6,100 price objective on shares of Rio Tinto Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 7,400 price objective on shares of Rio Tinto Group in a research report on Thursday, July 30th. Shore Capital Group decreased their target price on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 8,500 price target on shares of Rio Tinto Group in a report on Tuesday, June 9th.

Rio Tinto Group Price Performance

Shares of LON RIO opened at GBX 7,504 on Friday. The firm has a market cap of £122.03 billion, a P/E ratio of 10.17, a P/E/G ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 52 week low of GBX 4,484 and a 52 week high of GBX 8,325. The business’s 50 day moving average price is GBX 7,156.67 and its 200 day moving average price is GBX 7,235.48. The company has a quick ratio of 1.34, a current ratio of 1.42 and a debt-to-equity ratio of 34.91.

Insider Buying and Selling

In related news, 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. 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.