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

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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.

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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.

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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.

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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