Rio Tinto Group (LON:RIO) Given “Hold” Rating at Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 7,400 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 5.38% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 6,100 price objective on shares of Rio Tinto Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Citigroup lowered their price target on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a report on Friday, July 10th. Berenberg Bank raised shares of Rio Tinto Group from a “hold” rating to a “buy” rating and upped their price target for the stock from GBX 8,100 to GBX 8,600 in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 7,707.14.

Rio Tinto Group Price Performance

LON RIO opened at GBX 7,022 on Tuesday. The company has a 50 day simple moving average of GBX 7,345.25 and a 200-day simple moving average of GBX 7,324.11. The company has a debt-to-equity ratio of 34.91, a current ratio of 1.42 and a quick ratio of 1.34. The firm has a market capitalization of £114.21 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 52-week low of GBX 4,970.50 and a 52-week high of GBX 8,325.

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total value of £265.60. 0.10% of the stock is owned by company insiders.

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.