Rio Tinto Group (LON:RIO)‘s stock had its “sector perform” rating reiterated by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, Analyst Price Targets reports. They currently have a GBX 4,200 ($54.87) target price on the stock. Royal Bank of Canada’s price target suggests a potential downside of 16.85% from the company’s current price.
A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group set a GBX 5,400 ($70.55) price objective on Rio Tinto Group in a research note on Thursday, October 7th. Berenberg Bank reduced their price objective on shares of Rio Tinto Group from GBX 6,900 ($90.15) to GBX 5,400 ($70.55) and set a “hold” rating on the stock in a research report on Wednesday, October 6th. Jefferies Financial Group set a GBX 5,800 ($75.78) target price on shares of Rio Tinto Group in a research note on Wednesday, September 22nd. Deutsche Bank Aktiengesellschaft set a GBX 6,000 ($78.39) target price on Rio Tinto Group in a research report on Thursday, September 16th. Finally, UBS Group set a GBX 4,200 ($54.87) target price on Rio Tinto Group in a research report on Tuesday, October 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 5,331.54 ($69.66).
Shares of RIO stock opened at GBX 5,051 ($65.99) on Wednesday. Rio Tinto Group has a 12 month low of GBX 4,252.50 ($55.56) and a 12 month high of GBX 6,876.26 ($89.84). The company has a 50 day simple moving average of GBX 5,213.33 and a two-hundred day simple moving average of GBX 5,743.58. The company has a current ratio of 2.13, a quick ratio of 1.77 and a debt-to-equity ratio of 23.22. The stock has a market cap of £81.78 billion and a P/E ratio of 5.95.
About Rio Tinto Group
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
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