Rio Tinto Group (LON:RIO) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 6,000 ($74.69) target price on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 11.52% from the stock’s previous close.

A number of other equities research analysts have also recently commented on RIO. Royal Bank of Canada reduced their price target on shares of Rio Tinto Group from GBX 6,100 ($75.94) to GBX 5,900 ($73.45) and set a “sector perform” rating for the company in a report on Thursday, February 22nd. Bank of America restated a “buy” rating and issued a GBX 7,700 ($95.85) price target on shares of Rio Tinto Group in a report on Wednesday. Berenberg Bank restated a “buy” rating and issued a GBX 6,200 ($77.18) price target on shares of Rio Tinto Group in a report on Monday, February 19th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Rio Tinto Group in a report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 6,351.25 ($79.06).

Rio Tinto Group Trading Up 0.2 %

LON:RIO opened at GBX 5,380 ($66.97) on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 25.47. The stock has a market capitalization of £67.25 billion, a price-to-earnings ratio of 1,095.72, a PEG ratio of -0.64 and a beta of 0.65. The firm has a fifty day simple moving average of GBX 5,115.61 and a two-hundred day simple moving average of GBX 5,313.98. Rio Tinto Group has a 12 month low of GBX 4,509.50 ($56.14) and a 12 month high of GBX 5,910 ($73.57).

Insider Activity

In other news, insider Peter Cunningham sold 3,939 shares of Rio Tinto Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of GBX 5,216 ($64.93), for a total transaction of £205,458.24 ($255,767.76). Corporate insiders own 14.71% of the company’s stock.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.