Rio Tinto Group (LON:RIO) Given Average Rating of “Moderate Buy” by Analysts

Rio Tinto Group (LON:RIO) has been given an average rating of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 6,203.75 ($77.07).

RIO has been the subject of a number of recent analyst reports. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($79.50) target price on shares of Rio Tinto Group in a research report on Friday, December 6th. Berenberg Bank restated a “buy” rating and issued a GBX 6,000 ($74.53) price target on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Rio Tinto Group from GBX 6,200 ($77.02) to GBX 6,000 ($74.53) and set a “buy” rating on the stock in a research report on Monday, September 9th.

Rio Tinto Group Price Performance

Shares of LON:RIO opened at GBX 4,698 ($58.36) on Friday. The company has a market capitalization of £58.73 billion, a PE ratio of 932.14, a price-to-earnings-growth 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. The stock has a fifty day moving average of GBX 4,891.37 and a 200-day moving average of GBX 4,977.77. Rio Tinto Group has a one year low of GBX 4,509 ($56.01) and a one year high of GBX 5,854 ($72.72).

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Simon Henry purchased 200 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of GBX 4,956 ($61.57) per share, for a total transaction of £9,912 ($12,313.04). Also, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($61.96), for a total transaction of £323,671.32 ($402,076.17). 14.62% of the stock is currently owned by company insiders.

Rio Tinto Group Company Profile