Rio Tinto Group (LON:RIO) PT Set at GBX 6,100 by Deutsche Bank Rese…

Rio Tinto Group (LON:RIOGet Rating) has been given a GBX 6,100 ($79.37) price objective by Deutsche Bank Rese… in a note issued to investors on Thursday, Borsen Zeitung reports. Deutsche Bank Rese…’s price objective would indicate a potential upside of 6.38% from the company’s previous close.

RIO has been the topic of a number of other reports. UBS Group set a GBX 5,200 ($67.66) price objective on Rio Tinto Group in a report on Thursday. The Goldman Sachs Group set a GBX 7,300 ($94.98) price objective on Rio Tinto Group in a report on Monday, April 11th. Credit Suisse Group set a GBX 5,500 ($71.56) price objective on Rio Tinto Group in a report on Friday, January 14th. Morgan Stanley reissued an “overweight” rating and issued a GBX 6,410 ($83.40) price objective on shares of Rio Tinto Group in a report on Thursday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 6,100 ($79.37) price objective on shares of Rio Tinto Group in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 5,791.54 ($75.35).

Shares of LON:RIO opened at GBX 5,734 ($74.60) on Thursday. The business’s 50-day moving average is GBX 5,850.19 and its 200 day moving average is GBX 5,243.73. Rio Tinto Group has a 1 year low of GBX 4,354 ($56.65) and a 1 year high of GBX 6,876.26 ($89.46). The firm has a market capitalization of £92.92 billion and a P/E ratio of 5.76. The company has a debt-to-equity ratio of 23.91, a current ratio of 1.94 and a quick ratio of 1.46.

In other Rio Tinto Group news, insider Peter Cunningham sold 10,485 shares of the stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of GBX 5,494 ($71.48), for a total transaction of £576,045.90 ($749,474.24).

About Rio Tinto Group (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.

Featured Stories

Analyst Recommendations for Rio Tinto Group (LON:RIO)

Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.