Rio Tinto Group (LON:RIO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Rio Tinto Group (LON:RIO) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 6,203.75 ($75.75).

RIO has been the subject of a number of analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 6,000 ($73.26) price target on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($78.14) price target on shares of Rio Tinto Group in a report on Friday, December 6th.

Rio Tinto Group Stock Up 0.2 %

RIO stock opened at GBX 4,818 ($58.83) on Friday. The company has a market cap of £60.23 billion, a price-to-earnings ratio of 955.95, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70. The business’s 50-day moving average is GBX 4,869.06 and its two-hundred day moving average is GBX 4,955.22. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($55.05) and a fifty-two week high of GBX 5,854 ($71.48).

Insider Activity at Rio Tinto Group

In other Rio Tinto Group news, insider Jakob Stausholm sold 6,489 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($60.90), for a total value of £323,671.32 ($395,203.08). Also, insider Simon Henry purchased 200 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was bought at an average cost of GBX 4,956 ($60.51) per share, for a total transaction of £9,912 ($12,102.56). 14.62% of the stock is owned by insiders.

Rio Tinto Group Company Profile