Rio Tinto Group (LON:RIO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Rio Tinto Group (LON:RIO) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 6,338.33 ($79.46).

Several analysts recently commented on RIO shares. Deutsche Bank Aktiengesellschaft decreased their price target on Rio Tinto Group from GBX 6,200 ($77.72) to GBX 6,000 ($75.22) and set a “buy” rating on the stock in a research note on Monday, September 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 5,700 ($71.46) target price on shares of Rio Tinto Group in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their target price on shares of Rio Tinto Group from GBX 6,500 ($81.48) to GBX 6,430 ($80.61) and set an “overweight” rating for the company in a research report on Thursday, August 1st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 6,200 ($77.72) price target on shares of Rio Tinto Group in a research report on Tuesday, October 15th.

Rio Tinto Group Trading Up 0.4 %

RIO stock opened at GBX 4,945 ($61.99) on Friday. Rio Tinto Group has a 1-year low of GBX 4,509 ($56.53) and a 1-year high of GBX 5,910 ($74.09). The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.01. The business’s 50 day moving average is GBX 4,976.29 and its 200-day moving average is GBX 5,117.80. The firm has a market cap of £61.81 billion, a P/E ratio of 981.15, a P/E/G ratio of -0.64 and a beta of 0.59.

Insider Buying and Selling

In other news, insider Simon Henry bought 200 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of GBX 4,956 ($62.13) per share, with a total value of £9,912 ($12,425.72). 14.62% of the stock is owned by corporate insiders.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.