Rio Tinto Group (LON:RIO) Given a GBX 6,000 Price Target at Deutsche Bank Rese…

Rio Tinto Group (LON:RIO – Get Rating) has been assigned a GBX 6,000 ($73.96) price target by Deutsche Bank Rese… in a research note issued to investors on Thursday, Borsen Zeitung reports. Deutsche Bank Rese…’s price objective suggests a potential upside of 9.51% from the company’s previous close.

Other analysts also recently issued reports about the company. Morgan Stanley reiterated an “overweight” rating on shares of Rio Tinto Group in a research report on Wednesday, May 11th. Jefferies Financial Group set a GBX 6,700 ($82.59) price objective on Rio Tinto Group in a research report on Wednesday, April 20th. Berenberg Bank restated a “hold” rating and set a GBX 6,500 ($80.13) price objective on shares of Rio Tinto Group in a research report on Monday, May 9th. Barclays restated an “underweight” rating and set a GBX 4,800 ($59.17) price objective on shares of Rio Tinto Group in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 6,000 ($73.96) price objective on shares of Rio Tinto Group in a research report on Thursday. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 5,922.31 ($73.01).

Shares of Rio Tinto Group stock opened at GBX 5,479 ($67.54) on Thursday. The firm has a 50-day moving average of GBX 5,728.21 and a 200-day moving average of GBX 5,336.95. The stock has a market cap of £88.78 billion and a PE ratio of 5.09. Rio Tinto Group has a 52-week low of GBX 4,354 ($53.67) and a 52-week high of GBX 6,876.26 ($84.77). The company has a debt-to-equity ratio of 23.91, a quick ratio of 1.46 and a current ratio of 1.94.

In other news, insider Peter Cunningham sold 762 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of GBX 5,370 ($66.20), for a total value of £40,919.40 ($50,443.05). In the last three months, insiders sold 11,251 shares of company stock valued at $61,721,282.

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 lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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