Rio Tinto Group (NYSE:RIO – Get Rating) had its target price raised by JPMorgan Chase & Co. from GBX 5,310 ($64.80) to GBX 5,380 ($65.65) in a research note issued to investors on Wednesday morning, The Fly reports.
Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Rio Tinto Group from GBX 5,800 ($70.77) to GBX 6,200 ($75.66) in a research note on Tuesday, January 10th. CLSA lowered Rio Tinto Group from an outperform rating to an underperform rating in a research report on Tuesday. Berenberg Bank upgraded Rio Tinto Group from a sell rating to a buy rating in a research report on Thursday, January 12th. Citigroup lowered Rio Tinto Group from a buy rating to a neutral rating in a research report on Thursday, December 1st. Finally, Morgan Stanley dropped their target price on Rio Tinto Group from GBX 6,040 ($73.70) to GBX 5,700 ($69.55) in a research report on Thursday, December 8th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $4,337.50.
Rio Tinto Group Price Performance
Shares of RIO stock opened at $76.40 on Wednesday. Rio Tinto Group has a 12-month low of $50.92 and a 12-month high of $84.69. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $69.65 and its 200-day moving average price is $61.48.
Hedge Funds Weigh In On Rio Tinto Group
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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