Rio Tinto Group (LON:RIO) Hits New 12-Month Low – Should You Sell?

Rio Tinto Group (LON:RIO)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 4,024.50 ($51.42) and last traded at GBX 4,117 ($52.61), with a volume of 3859119 shares. The stock had previously closed at GBX 4,215.50 ($53.87).

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RIO shares. Berenberg Bank restated a “buy” rating and set a GBX 6,300 ($80.50) price target on shares of Rio Tinto Group in a research note on Thursday, February 20th. JPMorgan Chase & Co. reissued a “not rated” rating on shares of Rio Tinto Group in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 6,241.25 ($79.75).

Rio Tinto Group Stock Down 2.3 %

The firm has a market capitalization of £86.39 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of -0.64 and a beta of 0.59. The firm has a fifty day moving average price of GBX 4,818.60 and a 200 day moving average price of GBX 4,889.69. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28.

Insider Buying and Selling at Rio Tinto Group

In related news, insider Ngaire Woods purchased 516 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of GBX 4,820 ($61.59) per share, with a total value of £24,871.20 ($31,780.22). Also, insider Peter Cunningham sold 621 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($64.86), for a total transaction of £31,521.96 ($40,278.51). Corporate insiders own 14.62% of the company’s stock.

About Rio Tinto Group