Rio Tinto Group's (RIO) Neutral Rating Reaffirmed at Citigroup

Citigroup restated their neutral rating on shares of Rio Tinto Group (LON:RIO - Free Report) in a research report report published on Friday, Marketbeat reports.

Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Rio Tinto Group from GBX 6,200 ($79.04) to GBX 6,000 ($76.49) and set a "buy" rating for the company in a research report on Monday, September 9th. Berenberg Bank reiterated a "buy" rating and set a GBX 6,200 ($79.04) target price on shares of Rio Tinto Group in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 6,228.75 ($79.41).

Rio Tinto Group Stock Performance

Shares of RIO stock traded down GBX 42 ($0.54) during mid-day trading on Friday, reaching GBX 4,924 ($62.77). The stock had a trading volume of 1,029,649 shares, compared to its average volume of 6,368,342. Rio Tinto Group has a one year low of GBX 4,509 ($57.48) and a one year high of GBX 5,910 ($75.34). The firm has a market cap of £61.55 billion, a PE ratio of 976.98, a P/E/G ratio of -0.64 and a beta of 0.59. The firm's 50 day simple moving average is GBX 5,022.32 and its 200 day simple moving average is GBX 5,089. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01.

Insider Transactions at Rio Tinto Group

In related news, insider Jakob Stausholm sold 6,489 shares of Rio Tinto Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.59), for a total value of £323,671.32 ($412,635.54). Also, insider Simon Henry bought 200 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was bought at an average cost of GBX 4,956 ($63.18) per share, with a total value of £9,912 ($12,636.41). 14.62% of the stock is owned by insiders.

About Rio Tinto Group

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.