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

Rio Tinto Group (LON:RIO - Get Free Report) has earned an average rating of "Moderate Buy" from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 6,338.33 ($79.88).

A number of equities research analysts recently issued reports on RIO shares. Royal Bank of Canada reissued a "sector perform" rating and set a GBX 5,700 ($71.83) price target on shares of Rio Tinto Group in a research report on Thursday, August 1st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 6,200 ($78.13) price objective on shares of Rio Tinto Group in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of Rio Tinto Group from GBX 6,500 ($81.92) to GBX 6,430 ($81.03) and set an "overweight" rating on the stock in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Rio Tinto Group from GBX 6,200 ($78.13) to GBX 6,000 ($75.61) and set a "buy" rating on the stock in a report on Monday, September 9th.

Insider Transactions at Rio Tinto Group

In other news, insider Simon Henry acquired 200 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average price of GBX 4,956 ($62.46) per share, with a total value of £9,912 ($12,491.49). Company insiders own 14.62% of the company's stock.

Rio Tinto Group Stock Performance

Shares of LON:RIO traded up GBX 72.42 ($0.91) on Friday, reaching GBX 4,807.92 ($60.59). 2,513,031 shares of the company's stock were exchanged, compared to its average volume of 6,632,573. Rio Tinto Group has a twelve month low of GBX 4,509 ($56.82) and a twelve month high of GBX 5,910 ($74.48). The company has a fifty day moving average of GBX 4,952.67 and a 200-day moving average of GBX 5,130.87. The company has a market capitalization of £60.10 billion, a price-to-earnings ratio of 953.95, a PEG ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.01.

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.