Rio Tinto Group (LON:RIO) Receives GBX 6,241.25 Consensus Price Target from Brokerages

Rio Tinto Group (LON:RIO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 6,241.25 ($80.59).

Several analysts recently weighed in on the company. Citigroup reissued a "neutral" rating on shares of Rio Tinto Group in a report on Friday, December 6th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 6,300 ($81.35) price objective on shares of Rio Tinto Group in a research report on Thursday, February 20th. JPMorgan Chase & Co. reiterated a "not rated" rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 6,400 ($82.64) target price on shares of Rio Tinto Group in a research note on Friday, December 6th.

Rio Tinto Group Stock Up 1.5 %

Shares of LON RIO traded up GBX 70.50 ($0.91) during trading on Friday, reaching GBX 4,827.50 ($62.34). 2,020,322 shares of the stock were exchanged, compared to its average volume of 10,104,676. Rio Tinto Group has a twelve month low of GBX 4,509 ($58.23) and a twelve month high of GBX 5,854 ($75.59). The company has a market capitalization of £101.30 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth 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 business's 50-day moving average price is GBX 4,913.28 and its 200 day moving average price is GBX 4,902.05.

Insider Transactions at Rio Tinto Group

In other news, insider Ngaire Woods purchased 516 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of GBX 4,820 ($62.24) per share, for a total transaction of £24,871.20 ($32,116.74). Also, insider Peter Cunningham sold 621 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($65.55), for a total value of £31,521.96 ($40,705.01). Company insiders own 14.62% of the company's stock.

Rio Tinto Group Company Profile