Rio Tinto Group (LON:RIO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Rio Tinto Group (LON:RIO) have received an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 6,203.75 ($77.24).

A number of equities analysts have weighed in on RIO shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,400 ($79.68) price objective on shares of Rio Tinto Group in a research note on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,000 ($74.70) price objective on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Finally, Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th.

Insider Activity at Rio Tinto Group

In other news, insider Jakob Stausholm sold 6,489 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.10), for a total transaction of £323,671.32 ($402,977.24). 14.62% of the stock is owned by insiders.

Rio Tinto Group Trading Up 0.6 %

Rio Tinto Group stock opened at GBX 4,839.64 ($60.25) on Thursday. The stock has a market cap of £60.50 billion, a PE ratio of 960.25, 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. Rio Tinto Group has a one year low of GBX 4,509 ($56.14) and a one year high of GBX 5,854 ($72.88). The stock has a 50-day moving average of GBX 4,861.67 and a two-hundred day moving average of GBX 4,932.02.

Rio Tinto Group Company Profile