Rio Tinto Group (LON:RIO) PT Lowered to GBX 6,000

Rio Tinto Group (LON:RIOGet Rating) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 6,100 ($75.21) to GBX 6,000 ($73.97) in a research report issued on Wednesday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 18.84% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 5,500 ($67.81) price target on shares of Rio Tinto Group in a research note on Wednesday, May 4th. Deutsche Bank Rese… set a GBX 6,100 ($75.21) price objective on Rio Tinto Group in a research note on Thursday, April 21st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Thursday. UBS Group set a GBX 5,200 ($64.11) price target on Rio Tinto Group in a report on Thursday, April 21st. Finally, The Goldman Sachs Group set a GBX 7,300 ($90.00) price objective on shares of Rio Tinto Group in a report on Monday, April 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 5,930 ($73.11).

LON RIO opened at GBX 5,049 ($62.25) on Wednesday. Rio Tinto Group has a 12 month low of GBX 4,354 ($53.68) and a 12 month high of GBX 6,876.26 ($84.78). The company has a current ratio of 1.94, a quick ratio of 1.46 and a debt-to-equity ratio of 23.91. The stock has a 50 day moving average of GBX 5,783.47 and a 200-day moving average of GBX 5,307.89. The company has a market cap of £81.82 billion and a PE ratio of 4.82.

In related 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 ($67.74), for a total transaction of £576,045.90 ($710,203.30).

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.

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