Rio Tinto Group (LON:RIO – Get Free Report) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 7,721.43.
Several research analysts have issued reports on RIO shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 7,400 target price on shares of Rio Tinto Group in a report on Tuesday, October 6th. Berenberg Bank restated a “buy” rating and issued a GBX 8,700 price target on shares of Rio Tinto Group in a report on Thursday, October 15th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 6,100 price target on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Citigroup lowered their price target on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a “neutral” rating on the stock in a report on Tuesday, July 28th.
View Our Latest Stock Report on Rio Tinto Group
Rio Tinto Group Stock Performance
Shares of Rio Tinto Group stock opened at GBX 6,201 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91. The stock’s fifty day moving average price is GBX 6,979.92 and its 200-day moving average price is GBX 7,152.55. The firm has a market cap of £100.85 billion, a P/E ratio of 8.40, a P/E/G ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 12 month low of GBX 5,159 and a 12 month high of GBX 8,325.
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. 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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