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

Shares of Rio Tinto Group (LON:RIO) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 6,203.75 ($78.87).

A number of brokerages have commented on RIO. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,000 ($76.28) price target on shares of Rio Tinto Group in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Rio Tinto Group from GBX 6,200 ($78.82) to GBX 6,000 ($76.28) and set a “buy” rating for the company in a research report on Monday, September 9th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($81.36) target price on shares of Rio Tinto Group in a research report on Friday, December 6th.

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at GBX 4,792.50 ($60.93) on Wednesday. The business has a 50-day simple moving average of GBX 5,012.37 and a 200-day simple moving average of GBX 5,054.02. The company has a market cap of £59.91 billion, a PE ratio of 956.35, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a one year low of GBX 4,509 ($57.32) and a one year high of GBX 5,910 ($75.13). The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70.

Insider Buying and Selling

In other Rio Tinto Group news, insider Simon Henry acquired 200 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average cost of GBX 4,956 ($63.01) per share, for a total transaction of £9,912 ($12,601.07). Also, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.41), for a total transaction of £323,671.32 ($411,481.46). 14.62% of the stock is currently owned by company insiders.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.