Rio Tinto Group (LON:RIO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,908.39 ($61.93) and traded as high as GBX 5,166 ($65.18). Rio Tinto Group shares last traded at GBX 5,054 ($63.76), with a volume of 2,858,615 shares changing hands.
Wall Street Analysts Forecast Growth
RIO has been the topic of several analyst reports. Citigroup reiterated a "neutral" rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Berenberg Bank reiterated a "buy" rating and issued a GBX 6,000 ($75.70) price target on shares of Rio Tinto Group in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 6,400 ($80.75) price objective on shares of Rio Tinto Group in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rio Tinto Group has an average rating of "Moderate Buy" and an average target price of GBX 6,203.75 ($78.27).
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Rio Tinto Group Price Performance
The company has a 50 day moving average price of GBX 4,868.85 and a 200-day moving average price of GBX 4,907.64. The company has a market cap of £106.53 billion, a price-to-earnings ratio of 9.61, a P/E/G 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 Buying and Selling at Rio Tinto Group
In other Rio Tinto Group news, insider Jakob Stausholm sold 6,489 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.93), for a total value of £323,671.32 ($408,366.54). Corporate insiders own 14.62% of the company's stock.
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