Rio Tinto Group (LON:RIO – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 6,958.35 and traded as high as GBX 7,314. Rio Tinto Group shares last traded at GBX 7,163, with a volume of 942,265,938 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 6,900 target price on shares of Rio Tinto Group in a research note on Wednesday, April 22nd. Shore Capital Group reduced their price objective on 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 reiterated a “hold” rating and issued a GBX 6,600 price target on shares of Rio Tinto Group in a report on Thursday, June 4th. Citigroup raised their price objective on Rio Tinto Group from £760 to £810 and gave the company a “neutral” rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 8,500 price objective on shares of Rio Tinto Group in a research note on Tuesday, June 9th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Rio Tinto Group presently has a consensus rating of “Hold” and a consensus price target of £177.97.
Get Our Latest Stock Report on RIO
Rio Tinto Group Stock Performance
Insider Transactions at Rio Tinto Group
In other Rio Tinto Group 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 value of £438.66. 0.10% of the stock is owned by corporate insiders.
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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