Rio Tinto Group (LON:RIO) Sets New 12-Month Low – Here’s What Happened

Rio Tinto Group (LON:RIO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 4,440 ($57.65) and last traded at GBX 4,516.50 ($58.65), with a volume of 22401670 shares traded. The stock had previously closed at GBX 4,601.50 ($59.75).

Analyst Ratings Changes

Several equities analysts recently commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 6,300 ($81.81) target price on shares of Rio Tinto Group in a research report on Thursday, February 20th. JPMorgan Chase & Co. restated a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 6,400 ($83.11) price target on shares of Rio Tinto Group in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,241.25 ($81.04).

Rio Tinto Group Trading Down 2.0 %

The company’s 50-day moving average is GBX 4,877.19 and its 200-day moving average is GBX 4,898.75. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a market cap of £94.60 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of -0.64 and a beta of 0.59.

Insider Transactions at Rio Tinto Group

In other 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 ($62.59) per share, for a total transaction of £24,871.20 ($32,296.07). Also, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($65.91), for a total value of £31,521.96 ($40,932.29). 14.62% of the stock is owned by company insiders.

Rio Tinto Group Company Profile