Jefferies Financial Group Reiterates Hold Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO – Get Free Report)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 8,500 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 11.43% from the stock’s previous close.

RIO has been the topic of several other research reports. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and increased their price objective for the stock from GBX 7,200 to GBX 8,280 in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reaffirmed 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. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,400 target price on shares of Rio Tinto Group in a report on Friday, April 17th. Citigroup increased their price target on Rio Tinto Group from £760 to £810 and gave the stock a “neutral” rating in a research report on Monday. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 6,600 price objective on shares of Rio Tinto Group in a research note on Thursday, June 4th. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of £177.97.

Get Rio Tinto Group alerts:

Read Our Latest Research Report on Rio Tinto Group

Rio Tinto Group Price Performance

Shares of RIO stock opened at GBX 7,628 on Tuesday. The company has a market capitalization of £124.05 billion, a P/E ratio of 12.54, a P/E/G ratio of -0.64 and a beta of 0.65. The company’s 50-day simple moving average is GBX 7,529.51 and its two-hundred day simple moving average is GBX 6,774.60. Rio Tinto Group has a one year low of GBX 4,110 and a one year high of GBX 8,325. The company has a debt-to-equity ratio of 39.51, a current ratio of 1.44 and a quick ratio of 1.34.

Insider Activity

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

About Rio Tinto Group

(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.

Featured Articles

• Five stocks we like better than Rio Tinto Group
• Cybersecurity Earnings: 1 AI Standout and 2 Stocks Under Pressure
• AirJoule Technologies: A Cool Shot at a Multibagger
• Walmart’s No. 2 Ranking Hides a Digital Transformation Story
• Campbell’s Soup Stock: Deep Value and a 7% Dividend Yield

Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.