Rio Tinto Group (LON:RIO) Receives GBX 5,325 Consensus PT from Analysts

Shares of Rio Tinto Group (LON:RIO) have been given an average rating of “Hold” by the six research firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 5,325.

RIO has been the topic of a number of analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 4,700 price objective on shares of Rio Tinto Group in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto Group to a “hold” rating and dropped their price target for the stock from GBX 5,300 to GBX 5,100 in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on shares of Rio Tinto Group from GBX 4,700 to GBX 4,900 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lowered their target price on Rio Tinto Group from GBX 5,570 to GBX 5,450 and set an “overweight” rating for the company in a research note on Thursday, July 31st.

Rio Tinto Group Stock Performance

Rio Tinto Group stock opened at GBX 4,619.50 on Friday. The firm has a market capitalization of £75.06 billion, a PE ratio of 735.71, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a one year low of GBX 4,024.50 and a one year high of GBX 5,474. The stock’s 50 day moving average price is GBX 4,561.43 and its 200 day moving average price is GBX 4,518.44. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70.

Rio Tinto Group Company Profile

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero.