Rio Tinto Group (LON:RIO) Receives Average Rating of “Moderate Buy” from Analysts

Rio Tinto Group (LON:RIO) has been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 6,203.75 ($76.34).

RIO has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($78.75) price objective on shares of Rio Tinto Group in a report on Friday, December 6th. Berenberg Bank restated a “buy” rating and issued a GBX 6,000 ($73.83) price target on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th.

Insider Buying and Selling

In other news, insider Simon Henry acquired 200 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average price of GBX 4,956 ($60.98) per share, for a total transaction of £9,912 ($12,196.38). Also, insider Jakob Stausholm sold 6,489 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($61.38), for a total value of £323,671.32 ($398,266.67). 14.62% of the stock is owned by insiders.

Rio Tinto Group Trading Up 1.8 %

Shares of RIO opened at GBX 4,806 ($59.14) on Friday. The stock has a 50 day simple moving average of GBX 4,871.39 and a 200-day simple moving average of GBX 4,960.26. 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 stock has a market cap of £60.08 billion, a PE ratio of 953.57, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 1 year low of GBX 4,509 ($55.48) and a 1 year high of GBX 5,854 ($72.03).

About Rio Tinto Group