Rio Tinto Group (LON:RIO – Get Rating) has been assigned a GBX 6,700 ($81.63) price target by research analysts at Berenberg Bank in a research report issued on Thursday, Borsen Zeitung reports. Berenberg Bank’s price objective would suggest a potential upside of 7.73% from the stock’s previous close.
A number of other brokerages have also recently weighed in on RIO. Royal Bank of Canada set a GBX 4,700 ($57.26) price target on Rio Tinto Group in a research report on Thursday. UBS Group set a GBX 5,000 ($60.92) target price on Rio Tinto Group in a report on Tuesday, December 13th. Deutsche Bank Aktiengesellschaft set a GBX 6,200 ($75.54) target price on Rio Tinto Group in a report on Tuesday. StockNews.com initiated coverage on Rio Tinto Group in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Citigroup cut Rio Tinto Group to a “neutral” rating in a report on Friday, December 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Rio Tinto Group currently has an average rating of “Hold” and an average target price of GBX 5,823.85 ($70.95).
Rio Tinto Group Stock Performance
Shares of LON:RIO opened at GBX 6,219 ($75.77) on Thursday. The business’s fifty day moving average price is GBX 5,643.48 and its two-hundred day moving average price is GBX 5,108.58. Rio Tinto Group has a fifty-two week low of GBX 4,424.50 ($53.90) and a fifty-two week high of GBX 6,343 ($77.28). The stock has a market capitalization of £100.80 billion and a price-to-earnings ratio of 701.92. The company has a debt-to-equity ratio of 22.52, a current ratio of 1.79 and a quick ratio of 1.34.
Rio Tinto Group Company Profile
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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