Rio Tinto Group (LON:RIO) Earns Neutral Rating from Royal Bank Of Canada

Rio Tinto Group (LON:RIO)‘s stock had its “neutral” rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a GBX 4,700 ($63.07) price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 6.70% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank downgraded shares of Rio Tinto Group from a “buy” rating to a “hold” rating and decreased their target price for the company from GBX 6,200 ($83.20) to GBX 4,700 ($63.07) in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Rio Tinto Group from GBX 5,500 ($73.81) to GBX 5,300 ($71.12) and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Rio Tinto Group has a consensus rating of “Hold” and a consensus target price of GBX 5,488.33 ($73.65).

Rio Tinto Group Price Performance

RIO stock opened at GBX 4,405 ($59.11) on Tuesday. Rio Tinto Group has a 1 year low of GBX 4,024.50 ($54.01) and a 1 year high of GBX 5,474 ($73.46). The company has a market cap of £92.43 billion, a P/E ratio of 8.34, a PEG ratio of -0.64 and a beta of 0.59. The firm has a 50-day moving average of GBX 4,400.88 and a 200 day moving average of GBX 4,617.74. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34.

About Rio Tinto Group