Shore Capital Group Lowers Rio Tinto Group (LON:RIO) Price Target to GBX 6,900

Rio Tinto Group (LON:RIO – Get Free Report) had its target price lowered by equities research analysts at Shore Capital Group from GBX 7,400 to GBX 6,900 in a research note issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Shore Capital Group’s price objective points to a potential downside of 14.30% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 6,900 price target on shares of Rio Tinto Group in a research report on Wednesday, April 22nd. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,400 price target on shares of Rio Tinto Group in a research report on Friday, April 17th. Citigroup upped their price target on Rio Tinto Group from GBX 7,200 to GBX 7,600 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upgraded Rio Tinto Group to a “neutral” rating and upped their price target for the company from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Finally, Berenberg Bank decreased their price target on Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 7,113.33.

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Rio Tinto Group Trading Up 1.0%

Shares of RIO opened at GBX 8,051 on Tuesday. The business’s 50-day moving average price is GBX 7,380.74 and its 200-day moving average price is GBX 6,685.67. Rio Tinto Group has a twelve month low of GBX 4,110 and a twelve month high of GBX 8,275. The stock has a market cap of £130.92 billion, a PE ratio of 13.23, a P/E/G ratio of -0.64 and a beta of 0.63. The company has a quick ratio of 1.34, a current ratio of 1.44 and a debt-to-equity ratio of 39.51.

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 6 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total value of £438.66. 0.10% of the stock is currently owned by corporate insiders.

Rio Tinto Group Company Profile

(Get Free Report)

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. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.

We have more than 150 years of mining and processing experience guiding our work.

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