Rio Tinto Group (LON:RIO) Sets New 1-Year Low - What's Next?

Rio Tinto Group (LON:RIO - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as GBX 4,440 ($56.52) and last traded at GBX 4,516.50 ($57.49), with a volume of 22401670 shares trading hands. The stock had previously closed at GBX 4,601.50 ($58.57).

Analyst Ratings Changes

RIO has been the topic of several analyst reports. JPMorgan Chase & Co. reissued a "not rated" rating on shares of Rio Tinto Group in a research report on Thursday, February 20th. Berenberg Bank reiterated a "buy" rating and set a GBX 6,300 ($80.19) target price on shares of Rio Tinto Group in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Rio Tinto Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 6,241.25 ($79.45).

Rio Tinto Group Price Performance

The business has a fifty day moving average of GBX 4,840.39 and a 200 day moving average of GBX 4,896.01. The firm has a market cap of £89.44 billion, a P/E ratio of 8.07, a PEG 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.

Insider Activity

In related news, insider Ngaire Woods purchased 516 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of GBX 4,820 ($61.35) per share, for a total transaction of £24,871.20 ($31,658.86). Also, insider Peter Cunningham sold 621 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($64.61), for a total transaction of £31,521.96 ($40,124.69). Insiders own 14.62% of the company's stock.

About Rio Tinto Group