Rio Tinto Group (LON:RIO) Receives GBX 6,241.25 Average Target Price from Analysts

Rio Tinto Group (LON:RIO) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 6,228.75 ($83.35).

A number of research firms recently weighed in on RIO. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,200 ($82.97) price target on shares of Rio Tinto Group in a report on Wednesday, April 16th. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th.

Insider Activity

In other news, insider Peter Cunningham sold 621 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($67.92), for a total transaction of £31,521.96 ($42,181.13). Also, insider Ngaire Woods acquired 516 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of GBX 4,820 ($64.50) per share, with a total value of £24,871.20 ($33,281.41). 14.62% of the stock is currently owned by company insiders.

Rio Tinto Group Price Performance

Shares of Rio Tinto Group stock opened at GBX 4,434.50 ($59.34) on Tuesday. The stock has a market capitalization of £93.05 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of -0.64 and a beta of 0.59. The firm’s 50-day moving average price is GBX 4,690.67 and its two-hundred day moving average price is GBX 4,854.59. 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 has a 1-year low of GBX 4,024.50 ($53.85) and a 1-year high of GBX 5,854 ($78.34).

About Rio Tinto Group