Rio Tinto Group (LON:RIO – Get Rating) has received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 5,818.18 ($73.61).
Several brokerages have recently weighed in on RIO. Credit Suisse Group set a GBX 7,000 ($88.56) target price on shares of Rio Tinto Group in a research note on Wednesday, May 4th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 6,500 ($82.24) price target on shares of Rio Tinto Group in a research note on Monday, May 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Rio Tinto Group in a research note on Wednesday, May 11th. UBS Group set a GBX 5,200 ($65.79) price target on shares of Rio Tinto Group in a research note on Thursday, April 21st. Finally, The Goldman Sachs Group set a GBX 7,300 ($92.36) price target on shares of Rio Tinto Group in a research note on Monday, April 25th.
In other Rio Tinto Group news, insider Peter Cunningham sold 762 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of GBX 5,370 ($67.94), for a total transaction of £40,919.40 ($51,770.50).
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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