Rio Tinto Group’s (RIO) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Rio Tinto Group (LON:RIO) in a report released on Tuesday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 7,400 target price on the stock.

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

Rio Tinto Group Stock Performance

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

Insider Activity at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of Rio Tinto Group 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 transaction of £265.60. 0.10% of the stock is currently owned by corporate 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.