Rio Tinto Group (LON:RIO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Rio Tinto Group (LON:RIO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 6,203.75 ($77.09).

A number of research firms recently weighed in on RIO. Deutsche Bank Aktiengesellschaft cut their target price on shares of Rio Tinto Group from GBX 6,200 ($77.05) to GBX 6,000 ($74.56) and set a "buy" rating for the company in a report on Monday, September 9th. Berenberg Bank restated a "buy" rating and set a GBX 6,000 ($74.56) target price on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 6,400 ($79.53) price target on shares of Rio Tinto Group in a research report on Friday, December 6th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Rio Tinto Group in a research note on Friday, December 6th.

Rio Tinto Group Price Performance

LON RIO traded down GBX 66 ($0.82) during trading hours on Friday, reaching GBX 4,698 ($58.38). The company's stock had a trading volume of 1,872,068 shares, compared to its average volume of 1,625,244. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. Rio Tinto Group has a 1 year low of GBX 4,509 ($56.03) and a 1 year high of GBX 5,854 ($72.75). The firm's 50-day moving average price is GBX 4,891.37 and its 200-day moving average price is GBX 4,975.44. The company has a market capitalization of £58.73 billion, a price-to-earnings ratio of 932.14, a PEG ratio of -0.64 and a beta of 0.59.

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Jakob Stausholm sold 6,489 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($61.99), for a total transaction of £323,671.32 ($402,226.07). Also, insider Simon Henry acquired 200 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were bought at an average price of GBX 4,956 ($61.59) per share, with a total value of £9,912 ($12,317.63). Insiders own 14.62% of the company's stock.

Rio Tinto Group Company Profile