Rio Tinto Group (LON:RIO) PT Set at GBX 6,700 by Berenberg Bank

Rio Tinto Group (LON:RIOGet 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.

Insider Activity

In other news, insider Jakob Stausholm sold 4,964 shares of the company’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of GBX 5,571 ($67.87), for a total transaction of ¬£276,544.44 ($336,920.61).

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.

Featured Stories

Analyst Recommendations for Rio Tinto Group (LON:RIO)

Receive News & Ratings for Rio Tinto Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group and related companies with MarketBeat.com's FREE daily email newsletter.