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

Rio Tinto Group (LON:RIO) had its target price lifted by analysts at Citigroup from £760 to £810 in a note issued to investors on Monday,Digital Look reports. The firm presently has a “neutral” rating on the stock.

Several other research firms also recently weighed in on RIO. Shore Capital Group dropped their target price on shares of Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 6,900 price objective on shares of Rio Tinto Group in a report on Wednesday, April 22nd. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 6,600 price objective on shares of Rio Tinto Group in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Rio Tinto Group to a “neutral” rating and boosted their target price for the company from GBX 7,200 to GBX 8,280 in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,400 target price 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, According to data from MarketBeat, Rio Tinto Group has a consensus rating of “Hold” and a consensus target price of £193.47.

Rio Tinto Group Trading Down 0.2%

LON RIO opened at GBX 7,590 on Monday. 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 £123.43 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. The company has a 50 day moving average price of GBX 7,506.17 and a 200 day moving average price of GBX 6,758.28. Rio Tinto Group has a 52 week low of GBX 4,110 and a 52 week high of GBX 8,325.

Insider Activity at Rio Tinto Group

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