Rio Tinto Group (LON:RIO) Given “Buy” Rating at Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Thursday, Marketbeat.com reports. They presently have a GBX 6,300 ($79.28) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 24.46% from the company’s current price.

RIO has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($80.53) target price on shares of Rio Tinto Group in a research report on Friday, December 6th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,241.25 ($78.54).

Rio Tinto Group Trading Up 0.5 %

Shares of RIO traded up GBX 26 ($0.33) during trading hours on Thursday, reaching GBX 5,062 ($63.70). The stock had a trading volume of 2,008,439 shares, compared to its average volume of 2,645,224. The company has a market cap of £106.22 billion, a P/E ratio of 9.58, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The firm has a 50-day moving average of GBX 4,866.32 and a 200 day moving average of GBX 4,909.55. Rio Tinto Group has a 52 week low of GBX 4,509 ($56.74) and a 52 week high of GBX 5,854 ($73.66).

Insider Activity

In related news, insider Jakob Stausholm sold 6,489 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.77), for a total transaction of £323,671.32 ($407,287.43). Insiders own 14.62% of the company’s stock.

About Rio Tinto Group