Rio Tinto Group (LON:RIO) Receives "Buy" Rating from Jefferies Financial Group

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "buy" rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a GBX 6,400 ($81.57) price target on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 29.98% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. Citigroup reissued a "neutral" rating on shares of Rio Tinto Group in a research report on Friday. Berenberg Bank reiterated a "buy" rating and issued a GBX 6,200 ($79.02) price target on shares of Rio Tinto Group in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Rio Tinto Group from GBX 6,200 ($79.02) to GBX 6,000 ($76.47) and set a "buy" rating for the company in a report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 6,228.75 ($79.39).

Rio Tinto Group Trading Down 0.8 %

LON RIO traded down GBX 42 ($0.54) during trading hours on Friday, hitting GBX 4,924 ($62.76). 1,029,649 shares of the company's stock were exchanged, compared to its average volume of 6,368,342. The business's 50 day moving average is GBX 5,025.49 and its 200-day moving average is GBX 5,081.31. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70. Rio Tinto Group has a 12-month low of GBX 4,509 ($57.47) and a 12-month high of GBX 5,910 ($75.33). The firm has a market capitalization of £61.55 billion, a P/E ratio of 976.98, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

Insider Transactions at Rio Tinto Group

In other news, insider Simon Henry bought 200 shares of Rio Tinto Group stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average cost of GBX 4,956 ($63.17) per share, with a total value of £9,912 ($12,633.19). Also, insider Jakob Stausholm sold 6,489 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.57), for a total transaction of £323,671.32 ($412,530.36). Company insiders own 14.62% of the company's stock.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.