Rio Tinto Group (LON:RIO) Receives GBX 6,021.67 Consensus Target Price from Brokerages

Rio Tinto Group (LON:RIO) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 6,021.67 ($82.75).

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 6,200 ($85.20) target price on shares of Rio Tinto Group in a research note on Wednesday, April 16th.

Rio Tinto Group Stock Down 1.0%

Shares of LON RIO opened at GBX 4,201.51 ($57.74) on Friday. Rio Tinto Group has a 52 week low of GBX 4,024.50 ($55.30) and a 52 week high of GBX 5,474 ($75.22). The business has a 50-day simple moving average of GBX 4,434.68 and a two-hundred day simple moving average of GBX 4,645.02. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The company has a market cap of £88.16 billion, a P/E ratio of 7.95, a P/E/G ratio of -0.64 and a beta of 0.59.

About Rio Tinto Group