Rio Tinto Group (LON:RIO) Given Average Rating of “Moderate Buy” by Analysts

Rio Tinto Group (LON:RIO) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 6,261.43 ($84.65).

Several equities analysts recently issued reports on RIO shares. JPMorgan Chase & Co. reissued a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,200 ($83.82) price target on shares of Rio Tinto Group in a report on Wednesday, April 16th.

Rio Tinto Group Trading Down 1.7%

Shares of RIO stock opened at GBX 4,305 ($58.20) on Wednesday. The company has a market capitalization of £90.33 billion, a price-to-earnings ratio of 8.15, a PEG ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The firm has a 50-day moving average price of GBX 4,477.41 and a 200 day moving average price of GBX 4,736.77. Rio Tinto Group has a twelve month low of GBX 4,024.50 ($54.41) and a twelve month high of GBX 5,474 ($74.00).

Insiders Place Their Bets

In other Rio Tinto Group news, insider Ngaire Woods purchased 516 shares of Rio Tinto Group stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of GBX 4,820 ($65.16) per share, with a total value of £24,871.20 ($33,623.36). 14.62% of the stock is currently owned by insiders.

Rio Tinto Group Company Profile