Analysts Set Rio Tinto Group (LON:RIO) Price Target at GBX 6,241.25

Shares of Rio Tinto Group (LON:RIO) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 6,241.25 ($79.15).

A number of brokerages have recently commented on RIO. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($81.17) target price on shares of Rio Tinto Group in a report on Friday, December 6th. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 6,300 ($79.90) price target on shares of Rio Tinto Group in a research note on Thursday, February 20th.

Insider Activity at Rio Tinto Group

In other Rio Tinto Group news, insider Jakob Stausholm sold 6,489 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.26), for a total value of £323,671.32 ($410,489.94). Also, insider Peter Cunningham sold 621 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($64.38), for a total value of £31,521.96 ($39,977.12). Insiders have sold a total of 7,114 shares of company stock worth $35,539,344 over the last three months. 14.62% of the stock is currently owned by corporate insiders.

Rio Tinto Group Stock Up 0.9 %

RIO stock opened at GBX 4,884.50 ($61.95) on Monday. The company has a market cap of £102.49 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company has a fifty day moving average price of GBX 4,877.47 and a 200 day moving average price of GBX 4,910.31. 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 12 month low of GBX 4,509 ($57.18) and a 12 month high of GBX 5,854 ($74.24).

Rio Tinto Group Company Profile