Rio Tinto Group (LON:RIO) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Rio Tinto Group (LON:RIO) have earned a consensus rating of “Reduce” from the seven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 7,647.14.

Several brokerages have recently commented on RIO. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 7,400 price objective on shares of Rio Tinto Group in a research note on Wednesday, July 1st. Jefferies Financial Group reissued a “hold” rating and issued a GBX 8,500 target price on shares of Rio Tinto Group in a research note on Tuesday, June 9th. JPMorgan Chase & Co. upgraded Rio Tinto Group to a “neutral” rating and boosted their price target for the company from GBX 7,200 to GBX 8,280 in a report on Tuesday, May 26th. Citigroup lowered 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 report on Friday, July 10th. Finally, Berenberg Bank dropped their price objective on Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating for the company in a report on Thursday, July 16th.

Rio Tinto Group Trading Up 0.0%

LON:RIO opened at GBX 6,776 on Wednesday. The firm has a market capitalization of £110.19 billion, a P/E ratio of 11.14, a P/E/G ratio of -0.64 and a beta of 0.65. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 37.79. The company has a fifty day moving average of GBX 7,434.24 and a 200 day moving average of GBX 7,108.28. Rio Tinto Group has a 52 week low of GBX 4,344.50 and a 52 week high of GBX 8,325.

About Rio Tinto Group

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.