Rio Tinto Group (LON:RIO) Given “Buy” Rating at Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 6,300 ($79.60) target price on the stock. Berenberg Bank’s price objective points to a potential upside of 23.97% from the company’s previous close.

A number of other brokerages have also recently weighed in on RIO. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($80.86) price target on shares of Rio Tinto Group in a research report on Friday, December 6th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 6,241.25 ($78.85).

Rio Tinto Group Stock Up 0.4 %

Rio Tinto Group stock opened at GBX 5,082 ($64.21) on Thursday. The firm has a market capitalization of £106.64 billion, a price-to-earnings ratio of 9.62, a PEG ratio of -0.64 and a beta of 0.59. The company’s 50 day simple moving average is GBX 4,871.20 and its 200 day simple moving average is GBX 4,911.82. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($56.97) and a fifty-two week high of GBX 5,854 ($73.96).

Insider Activity at Rio Tinto Group

In other news, insider Jakob Stausholm sold 6,489 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.02), for a total value of £323,671.32 ($408,934.07). 14.62% of the stock is currently owned by insiders.

About Rio Tinto Group