Rio Tinto Group (LON:RIO) Receives GBX 6,241.25 Average PT from Analysts

Rio Tinto Group (LON:RIO) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 6,228.75 ($82.64).

Several equities analysts have weighed in on RIO shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,200 ($82.26) target price on shares of Rio Tinto Group in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th.

Rio Tinto Group Stock Performance

Shares of RIO stock opened at GBX 4,388.76 ($58.23) on Tuesday. The company has a market capitalization of £92.09 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 1-year low of GBX 4,024.50 ($53.40) and a 1-year high of GBX 5,854 ($77.67). The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The stock’s fifty day simple moving average is GBX 4,713.74 and its 200-day simple moving average is GBX 4,864.11.

Insiders Place Their Bets

In related news, insider Ngaire Woods purchased 516 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 4,820 ($63.95) per share, for a total transaction of £24,871.20 ($32,998.81). Also, insider Peter Cunningham sold 621 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($67.35), for a total value of £31,521.96 ($41,822.95). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Company Profile