Analysts Set Rio Tinto Group (LON:RIO) Price Target at GBX 6,021.67

Rio Tinto Group (LON:RIO) has earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 5,655 ($77.20).

A number of brokerages have recently commented on RIO. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Rio Tinto Group from GBX 5,500 ($75.09) to GBX 5,300 ($72.35) and set a “buy” rating for the company in a report on Wednesday. Berenberg Bank downgraded Rio Tinto Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from GBX 6,200 ($84.64) to GBX 4,700 ($64.16) in a research note on Wednesday.

Rio Tinto Group Price Performance

RIO stock opened at GBX 4,338.16 ($59.22) on Friday. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The company has a market capitalization of £91.03 billion, a P/E ratio of 8.21, a PEG ratio of -0.64 and a beta of 0.59. The business has a 50 day simple moving average of GBX 4,425.01 and a 200-day simple moving average of GBX 4,639.56. Rio Tinto Group has a twelve month low of GBX 4,024.50 ($54.94) and a twelve month high of GBX 5,474 ($74.73).

Rio Tinto Group Company Profile