Rio Tinto Group (LON:RIO) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Rio Tinto Group (LON:RIO - Get Free Report) have received an average rating of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 6,228.75 ($82.82).

A number of analysts recently weighed in on RIO shares. JPMorgan Chase & Co. reissued a "not rated" rating on shares of Rio Tinto Group in a report on Thursday, February 20th. Berenberg Bank reiterated a "buy" rating and issued a GBX 6,200 ($82.44) price objective on shares of Rio Tinto Group in a research report on Wednesday.

Insider Activity at Rio Tinto Group

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

Rio Tinto Group Price Performance

LON:RIO traded up GBX 35.76 ($0.48) during mid-day trading on Tuesday, 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 company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The stock has a market cap of £92.09 billion, a PE ratio of 8.31, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 12 month low of GBX 4,024.50 ($53.51) and a 12 month high of GBX 5,854 ($77.84). The company has a fifty day moving average of GBX 4,702.67 and a 200 day moving average of GBX 4,860.72.

Rio Tinto Group Company Profile