Rio Tinto Group (LON:RIO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Rio Tinto Group (LON:RIOGet Free Report) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 6,241.25 ($78.49).

A number of equities research analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($80.48) target price on shares of Rio Tinto Group in a research report on Friday, December 6th. Berenberg Bank restated a “buy” rating and set a GBX 6,300 ($79.23) price target on shares of Rio Tinto Group in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a report on Thursday, February 20th.

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Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($63.83), for a total transaction of £31,521.96 ($39,640.29). Also, insider Jakob Stausholm sold 6,489 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($62.73), for a total transaction of £323,671.32 ($407,031.34). Insiders have sold a total of 7,114 shares of company stock worth $35,539,344 in the last ninety days. Insiders own 14.62% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of RIO stock opened at GBX 4,794 ($60.29) on Monday. The company has a market capitalization of £100.60 billion, a P/E ratio of 9.08, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 12-month low of GBX 4,509 ($56.70) and a 12-month high of GBX 5,854 ($73.62). The business’s 50 day moving average is GBX 4,882.07 and its two-hundred day moving average is GBX 4,908.13. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28.

Rio Tinto Group Company Profile

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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