Rio Tinto Group (LON:RIO) Receives GBX 6,228.75 Consensus Price Target from Brokerages

Rio Tinto Group (LON:RIO) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 6,203.75 ($78.87).

A number of research analysts have recently issued reports on RIO shares. Berenberg Bank reiterated a “buy” rating and set a GBX 6,000 ($76.28) price target on shares of Rio Tinto Group in a research note on Wednesday, December 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($81.36) price objective on shares of Rio Tinto Group in a report on Friday, December 6th. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Rio Tinto Group from GBX 6,200 ($78.82) to GBX 6,000 ($76.28) and set a “buy” rating on the stock in a research note on Monday, September 9th.

Insider Activity

In related news, insider Jakob Stausholm sold 6,489 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.41), for a total value of £323,671.32 ($411,481.46). Also, insider Simon Henry bought 200 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were acquired at an average price of GBX 4,956 ($63.01) per share, with a total value of £9,912 ($12,601.07). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of RIO opened at GBX 4,792.50 ($60.93) on Wednesday. The stock has a market capitalization of £59.91 billion, a P/E ratio of 956.35, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70. Rio Tinto Group has a 1 year low of GBX 4,509 ($57.32) and a 1 year high of GBX 5,910 ($75.13). The company’s fifty day moving average is GBX 5,012.37 and its two-hundred day moving average is GBX 5,054.02.

About Rio Tinto Group

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.