Shares of Rio Tinto Group (LON:RIO – Get Free Report) have earned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is £193.47.
A number of analysts have commented on the stock. Royal Bank Of Canada restated 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 boosted their price target on shares of Rio Tinto Group from £760 to £810 and gave the stock a “neutral” rating in a research report on Monday. Berenberg Bank restated a “hold” rating and set a GBX 6,600 price target on shares of Rio Tinto Group in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft restated 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. Finally, Shore Capital Group dropped 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 report on Tuesday, June 2nd.
Read Our Latest Research Report on RIO
Insider Activity at Rio Tinto Group
Rio Tinto Group Stock Up 0.8%
RIO stock opened at GBX 7,631 on Tuesday. Rio Tinto Group has a 52 week low of GBX 4,110 and a 52 week high of GBX 8,325. The company has a market capitalization of £124.10 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. The firm’s 50-day moving average is GBX 7,529.51 and its two-hundred day moving average is GBX 6,774.60. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51.
About Rio Tinto Group
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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