Berenberg Bank Reiterates Buy Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a research note issued on Wednesday, MarketBeat reports. They presently have a GBX 6,200 ($82.44) price target on the stock. Berenberg Bank's price target would indicate a potential upside of 41.27% from the company's previous close.

Separately, JPMorgan Chase & Co. reiterated a "not rated" rating on shares of Rio Tinto Group in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 6,228.75 ($82.82).

Rio Tinto Group Stock Performance

Shares of LON RIO traded up GBX 35.76 ($0.48) during mid-day trading on Wednesday, reaching GBX 4,388.76 ($58.35). 1,897,380 shares of the company were exchanged, compared to its average volume of 8,345,657. The stock has a market capitalization of £92.09 billion, a P/E ratio of 8.31, a P/E/G ratio of -0.64 and a beta of 0.59. 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's 50-day simple moving average is GBX 4,702.67 and its 200-day simple moving average is GBX 4,860.72. 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).

Insider Activity at Rio Tinto Group

In other Rio Tinto Group news, insider Ngaire Woods bought 516 shares of the business's stock in a transaction 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 Rio Tinto Group stock in a transaction 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 owned by insiders.

Rio Tinto Group Company Profile