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

Shares of Rio Tinto Group (LON:RIO) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 6,241.25 ($80.80).

Several equities analysts have recently weighed in on RIO shares. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($82.86) price target on shares of Rio Tinto Group in a report on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,300 ($81.56) target price on shares of Rio Tinto Group in a research report on Thursday, February 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th.

Rio Tinto Group Stock Up 0.5 %

Shares of LON:RIO opened at GBX 4,837.19 ($62.63) on Friday. Rio Tinto Group has a 1 year low of GBX 4,509 ($58.38) and a 1 year high of GBX 5,854 ($75.79). The business has a fifty day moving average price of GBX 4,907.65 and a two-hundred day moving average price of GBX 4,901.99. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34. The company has a market capitalization of £101.50 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

Insider Activity

In other news, insider Peter Cunningham sold 621 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($65.72), for a total value of £31,521.96 ($40,810.41). Also, insider Ngaire Woods bought 516 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of GBX 4,820 ($62.40) per share, for a total transaction of £24,871.20 ($32,199.90). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Company Profile