Rio Tinto Group (LON:RIO) Given New £810 Price Target at Citigroup

Rio Tinto Group (LON:RIO) had its price target increased by equities researchers at Citigroup from £760 to £810 in a report issued on Monday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock.

A number of other analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 6,900 price objective on shares of Rio Tinto Group in a research note on Wednesday, April 22nd. Shore Capital Group cut their target price on shares of Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a research note on Tuesday, June 2nd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 6,600 target price on shares of Rio Tinto Group in a research note on Thursday. JPMorgan Chase & Co. raised shares of Rio Tinto Group to a “neutral” rating and lifted their price objective for the stock from GBX 7,200 to GBX 8,280 in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,400 price objective on shares of Rio Tinto Group in a research note on Friday, April 17th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of £193.47.

Rio Tinto Group Stock Down 0.2%

RIO opened at GBX 7,590 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51. Rio Tinto Group has a 1-year low of GBX 4,110 and a 1-year high of GBX 8,325. The company has a market capitalization of £123.43 billion, a PE ratio of 12.48, a PEG ratio of -0.64 and a beta of 0.65. The firm’s 50 day simple moving average is GBX 7,506.17 and its two-hundred day simple moving average is GBX 6,758.28.

Insiders Place Their Bets

In related news, insider Peter Cunningham sold 6 shares of Rio Tinto Group stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 7,311, for a total transaction of £438.66. 0.10% of the stock is owned by insiders.

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.