Rio Tinto Group (LON:RIO) Given “Overweight” Rating at Barclays

Rio Tinto Group (LON:RIO)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a research note issued on Tuesday, Marketbeat reports. They presently have a GBX 6,000 ($75.38) price objective on the stock. Barclays‘s price objective indicates a potential upside of 8.54% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Bank of America restated a “buy” rating and set a GBX 7,700 ($96.73) price objective on shares of Rio Tinto Group in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price target on Rio Tinto Group from GBX 6,630 ($83.29) to GBX 6,610 ($83.04) and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 6,000 ($75.38) price target on shares of Rio Tinto Group in a research report on Thursday, April 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,900 ($74.12) price target on shares of Rio Tinto Group in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada reduced their price target on Rio Tinto Group from GBX 6,100 ($76.63) to GBX 5,900 ($74.12) and set a “sector perform” rating on the stock in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 6,301.25 ($79.16).

Rio Tinto Group Trading Down 1.1 %

Shares of RIO stock opened at GBX 5,528 ($69.45) on Tuesday. The firm has a market capitalization of £69.10 billion, a P/E ratio of 1,125.87, a P/E/G ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a twelve month low of GBX 4,509.50 ($56.65) and a twelve month high of GBX 5,910 ($74.25). The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 25.47. The stock’s fifty day simple moving average is GBX 5,158.79 and its 200 day simple moving average is GBX 5,351.73.

Insider Activity

In related news, insider Peter Cunningham sold 3,939 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of GBX 5,216 ($65.53), for a total transaction of £205,458.24 ($258,113.37). 14.66% of the stock is owned by company insiders.

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.