Rio Tinto Group’s (RIO) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Rio Tinto Group (LON:RIO) in a report issued on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 6,200 ($82.44) price objective on the stock.

Separately, JPMorgan Chase & Co. reaffirmed a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,228.75 ($82.82).

Rio Tinto Group Stock Up 0.8 %

Rio Tinto Group stock opened at GBX 4,388.76 ($58.35) on Wednesday. Rio Tinto Group has a twelve month low of GBX 4,024.50 ($53.51) and a twelve month high of GBX 5,854 ($77.84). The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a market cap of £92.09 billion, a PE ratio of 8.31, a P/E/G ratio of -0.64 and a beta of 0.59. The firm’s 50 day moving average price is GBX 4,702.67 and its two-hundred day moving average price is GBX 4,860.50.

Insider Buying and Selling

In related news, insider Ngaire Woods bought 516 shares of Rio Tinto Group stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of GBX 4,820 ($64.09) per share, for a total transaction of £24,871.20 ($33,069.01). Also, insider Peter Cunningham sold 621 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($67.49), for a total value of £31,521.96 ($41,911.93). 14.62% of the stock is currently owned by corporate insiders.

Rio Tinto Group Company Profile