Rio Tinto Group (LON:RIO – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 6,241.25 ($80.93).
A number of research analysts recently weighed in on RIO shares. JPMorgan Chase & Co. restated a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($82.99) price objective on shares of Rio Tinto Group in a report on Friday, December 6th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 6,300 ($81.69) price objective on shares of Rio Tinto Group in a research report on Thursday, February 20th.
Check Out Our Latest Report on Rio Tinto Group
Rio Tinto Group Stock Performance
Insider Buying and Selling at Rio Tinto Group
In other news, insider Ngaire Woods bought 516 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of GBX 4,820 ($62.50) per share, for a total transaction of £24,871.20 ($32,250.00). Also, insider Peter Cunningham sold 621 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($65.82), for a total value of £31,521.96 ($40,873.91). 14.62% of the stock is currently owned by corporate insiders.
About Rio Tinto Group
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