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

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Rio Tinto Group (LON:RIO) in a report released on Thursday,Digital Look reports. They currently have a GBX 7,400 price objective on the stock.

Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group reissued a “hold” rating and set a GBX 8,500 price target on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Shore Capital Group decreased their price objective on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a report on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 6,100 target price on shares of Rio Tinto Group in a research report on Wednesday. Berenberg Bank upgraded Rio Tinto Group from a “hold” rating to a “buy” rating and upped their target price for the stock from GBX 8,100 to GBX 8,600 in a report on Thursday. Finally, 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. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 7,707.14.

Rio Tinto Group Stock Up 0.5%

Rio Tinto Group stock opened at GBX 7,174 on Thursday. The company has a market cap of £116.67 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a 1-year low of GBX 4,344.50 and a 1-year high of GBX 8,325. The company has a fifty day simple moving average of GBX 7,293.37 and a 200 day simple moving average of GBX 7,147.78. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91.

Insider Transactions at Rio Tinto Group

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

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.