Berenberg Bank Reiterates Buy Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 6,200 ($82.26) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 41.27% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 6,228.75 ($82.64).

Rio Tinto Group Trading Up 0.8 %

Shares of RIO stock opened at GBX 4,388.76 ($58.23) on Wednesday. The company has a market cap of £92.09 billion, a P/E ratio of 8.31, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a fifty-two week low of GBX 4,024.50 ($53.40) and a fifty-two week high of GBX 5,854 ($77.67). The stock has a 50 day simple moving average of GBX 4,713.74 and a two-hundred day simple moving average of GBX 4,864.11. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70.

Insider Activity

In related news, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($67.35), for a total transaction of £31,521.96 ($41,822.95). Also, insider Ngaire Woods bought 516 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of GBX 4,820 ($63.95) per share, with a total value of £24,871.20 ($32,998.81). 14.62% of the stock is currently owned by corporate insiders.

About Rio Tinto Group