Brokerages Set Rio Tinto Group (LON:RIO) PT at GBX 7,647.14

Shares of Rio Tinto Group (LON:RIOGet Free Report) have received a consensus rating of “Reduce” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 7,635.71.

Several research analysts have weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating for the company in a research note on Thursday, July 16th. Shore Capital Group reduced their price target on shares of Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating on the stock in a research note on Tuesday, June 2nd. Berenberg Bank decreased their price objective on shares of Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating on the stock in a report on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Finally, Citigroup dropped their target price on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a report on Friday, July 10th.

Get Our Latest Analysis on Rio Tinto Group

Insider Activity at Rio Tinto Group

In other news, insider Peter Cunningham sold 4 shares of Rio Tinto Group stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total value of £265.60. 0.10% of the stock is currently owned by corporate insiders.

Rio Tinto Group Stock Up 0.9%

Shares of RIO opened at GBX 6,924.48 on Wednesday. The firm has a market cap of £112.61 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a 12-month low of GBX 4,344.50 and a 12-month high of GBX 8,325. The company’s 50-day moving average price is GBX 7,331.10 and its 200 day moving average price is GBX 7,134.12. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 37.79.

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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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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