Rio Tinto Group (LON:RIO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Rio Tinto Group (LON:RIO) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 7,707.14.

Several research analysts have recently weighed in on RIO shares. JPMorgan Chase & Co. decreased their price target on shares of 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. Shore Capital Group reduced their target price 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, June 2nd. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 6,100 target price on shares of Rio Tinto Group in a research note on Wednesday, July 29th. Citigroup lowered their price target on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating on the stock in a 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 research report on Tuesday, June 9th.

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the business’s 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 value of £265.60. 0.10% of the stock is currently owned by insiders.

Rio Tinto Group Stock Performance

LON RIO opened at GBX 7,531 on Thursday. The company’s 50 day simple moving average is GBX 7,218.28 and its two-hundred day simple moving average is GBX 7,289.66. The company has a debt-to-equity ratio of 34.91, a current ratio of 1.42 and a quick ratio of 1.34. Rio Tinto Group has a 1 year low of GBX 4,554.50 and a 1 year high of GBX 8,325. The stock has a market capitalization of £122.48 billion, a PE ratio of 10.20, a P/E/G ratio of -0.64 and a beta of 0.66.

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.