Rio Tinto Group (LON:RIO) Given New GBX 7,600 Price Target at Citigroup

Rio Tinto Group (LON:RIO – Get Free Report) had its price target increased by research analysts at Citigroup from GBX 7,200 to GBX 7,600 in a note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential downside of 4.14% from the stock’s previous close.

Several other equities research analysts have also commented on RIO. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 6,900 target price on shares of Rio Tinto Group in a research report on Wednesday, April 22nd. Berenberg Bank cut their target price 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. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 6,400 target price on shares of Rio Tinto Group in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. upgraded Rio Tinto Group to a “neutral” rating and upped their target price for the company from GBX 7,200 to GBX 8,280 in a research report on Tuesday. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 7,156.

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Rio Tinto Group Trading Up 2.1%

LON RIO opened at GBX 7,928 on Tuesday. Rio Tinto Group has a 12 month low of GBX 4,110 and a 12 month high of GBX 8,275. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51. The business’s 50-day moving average price is GBX 7,248.49 and its two-hundred day moving average price is GBX 6,591.43. The firm has a market capitalization of £128.92 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of -0.64 and a beta of 0.63.

Insiders Place Their Bets

In related 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 transaction of £438.66. Company insiders own 0.10% of the company’s stock.

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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