Rio Tinto Group (NYSE:RIO – Get Rating) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.
A number of other equities research analysts have also recently issued reports on RIO. StockNews.com cut Rio Tinto Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 12th. JPMorgan Chase & Co. lowered their price objective on Rio Tinto Group from GBX 5,780 ($72.43) to GBX 5,730 ($71.80) in a research note on Thursday, April 21st. Liberum Capital cut Rio Tinto Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. HSBC assumed coverage on Rio Tinto Group in a research note on Friday, March 18th. They issued a “hold” rating on the stock. Finally, Berenberg Bank cut Rio Tinto Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2,531.49.
NYSE RIO opened at $78.40 on Tuesday. Rio Tinto Group has a one year low of $59.58 and a one year high of $89.51. The company has a current ratio of 1.93, a quick ratio of 1.50 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $73.93 and its 200-day moving average is $72.75.
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 lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
- Get a free copy of the StockNews.com research report on Rio Tinto Group (RIO)
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