Rio Tinto Group (LON:RIO – Get Free Report) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 7,721.43.
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Berenberg Bank restated a “buy” rating and set a GBX 8,700 price target on shares of Rio Tinto Group in a research note on Thursday, October 15th. Citigroup decreased 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 research note on Friday, July 10th. Royal Bank Of Canada restated an “underperform” rating and set a GBX 6,100 price target on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 7,400 price objective on shares of Rio Tinto Group in a research note on Tuesday, October 6th.
Rio Tinto Group Price Performance
Rio Tinto Group stock opened at GBX 6,241.99 on Friday. The company’s 50 day simple moving average is GBX 7,129.80 and its 200-day simple moving average is GBX 7,155.33. The company has a debt-to-equity ratio of 34.91, a quick ratio of 1.34 and a current ratio of 1.42. Rio Tinto Group has a 1 year low of GBX 5,159 and a 1 year high of GBX 8,325. The company has a market capitalization of £101.52 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth 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.
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