Rio Tinto Group (LON:RIO) Earns “Hold” Rating from Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They presently have a GBX 6,600 price target on the stock. Berenberg Bank’s target price would indicate a potential downside of 16.21% from the stock’s previous close.

RIO has been the subject of a number of other research reports. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and raised their price objective for the company from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 6,900 price objective on shares of Rio Tinto Group in a research report on Wednesday, April 22nd. Shore Capital Group reduced 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 research report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 6,400 price objective on shares of Rio Tinto Group in a research report on Friday, April 17th. Finally, Citigroup raised their price objective on Rio Tinto Group from GBX 7,200 to GBX 7,600 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 7,113.33.

Rio Tinto Group Stock Down 2.4%

RIO stock opened at GBX 7,877 on Thursday. Rio Tinto Group has a twelve month low of GBX 4,110 and a twelve month high of GBX 8,325. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 39.51. The firm has a market cap of £128.09 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of -0.64 and a beta of 0.63. The business has a 50 day moving average of GBX 7,456.23 and a 200 day moving average of GBX 6,724.94.

Insider Activity at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 6 shares of Rio Tinto Group stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total value of £438.66. 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.