Rio Tinto Group (LON:RIO) Given a GBX 6,700 Price Target by Jefferies Financial Group Analysts

Rio Tinto Group (LON:RIO – Get Rating) has been assigned a GBX 6,700 ($87.17) price target by equities researchers at Jefferies Financial Group in a research report issued on Wednesday, Borsen Zeitung reports. Jefferies Financial Group’s target price indicates a potential upside of 12.00% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a GBX 6,410 ($83.40) target price on shares of Rio Tinto Group in a research report on Thursday, April 14th. Liberum Capital downgraded shares of Rio Tinto Group to a “sell” rating and set a GBX 4,200 ($54.64) target price on the stock. in a research report on Thursday, January 20th. UBS Group set a GBX 5,200 ($67.66) target price on shares of Rio Tinto Group in a research report on Friday, March 25th. JPMorgan Chase & Co. set a GBX 5,780 ($75.20) target price on shares of Rio Tinto Group in a research report on Monday, April 4th. Finally, Berenberg Bank boosted their target price on shares of Rio Tinto Group from GBX 5,700 ($74.16) to GBX 6,700 ($87.17) and gave the stock a “buy” rating in a research report on Tuesday, April 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 5,791.54 ($75.35).

Shares of Rio Tinto Group stock opened at GBX 5,982 ($77.83) on Wednesday. The firm’s 50 day moving average price is GBX 5,849.33 and its 200-day moving average price is GBX 5,237.23. The company has a quick ratio of 1.46, a current ratio of 1.94 and a debt-to-equity ratio of 23.91. Rio Tinto Group has a 52-week low of GBX 4,354 ($56.65) and a 52-week high of GBX 6,876.26 ($89.46). The company has a market cap of £96.93 billion and a P/E ratio of 6.02.

In related news, insider Peter Cunningham sold 10,485 shares of the business’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of GBX 5,494 ($71.48), for a total value of £576,045.90 ($749,474.24).

Rio Tinto Group Company Profile (Get Rating)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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