Rio Tinto Group (LON:RIO) Receives Average Recommendation of “Moderate Buy” from Analysts

Rio Tinto Group (LON:RIO) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 6,241.25 ($82.29).

Several research firms recently commented on RIO. Berenberg Bank restated a “buy” rating and set a GBX 6,300 ($83.07) price target on shares of Rio Tinto Group in a research report on Thursday, February 20th. JPMorgan Chase & Co. restated a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th.

Insider Activity

In other Rio Tinto Group news, insider Peter Cunningham sold 621 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($66.93), for a total transaction of £31,521.96 ($41,563.77). Also, insider Ngaire Woods acquired 516 shares of Rio Tinto Group stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of GBX 4,820 ($63.55) per share, with a total value of £24,871.20 ($32,794.30). Corporate insiders own 14.62% of the company’s stock.

Rio Tinto Group Trading Up 0.9 %

Shares of LON:RIO opened at GBX 4,343 ($57.27) on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. Rio Tinto Group has a 52-week low of GBX 4,024.50 ($53.07) and a 52-week high of GBX 5,854 ($77.19). The stock has a market cap of £91.13 billion, a price-to-earnings ratio of 8.22, a PEG ratio of -0.64 and a beta of 0.59. The business has a 50-day moving average price of GBX 4,753.19 and a 200-day moving average price of GBX 4,872.66.

About Rio Tinto Group