Rio Tinto Group (LON:RIO) Earns “Hold” Rating from Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating reissued by research analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 6,600 price target on the stock. Berenberg Bank’s price target would indicate a potential downside of 16.21% from the stock’s current price.

A number of other research analysts have also commented on RIO. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 6,900 price target on shares of Rio Tinto Group in a research report on Wednesday, April 22nd. Citigroup upped their price target on Rio Tinto Group from GBX 7,200 to GBX 7,600 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 6,400 price target on shares of Rio Tinto Group in a research report on Friday, April 17th. Shore Capital Group lowered their price target on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and upped their price target for the company from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 7,113.33.

Rio Tinto Group Trading Down 2.4%

RIO opened at GBX 7,877 on Thursday. The business has a 50 day simple moving average of GBX 7,456.23 and a two-hundred day simple moving average of GBX 6,724.94. The firm has a market capitalization of £128.09 billion, a price-to-earnings ratio of 12.95, a PEG ratio of -0.64 and a beta of 0.63. The company has a debt-to-equity ratio of 39.51, a current ratio of 1.44 and a quick ratio of 1.34. Rio Tinto Group has a one year low of GBX 4,110 and a one year high of GBX 8,325.

Insider Buying and Selling at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 6 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total transaction 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.