Berenberg Bank Reaffirms Hold Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating reiterated by equities research analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 4,700 ($63.09) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 4.78% from the stock’s previous close.

RIO has been the topic of a number of other reports. Royal Bank Of Canada reissued a “neutral” rating and set a GBX 4,700 ($63.09) price target on shares of Rio Tinto Group in a research report on Tuesday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rio Tinto Group in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Rio Tinto Group from GBX 5,500 ($73.83) to GBX 5,300 ($71.14) and set a “buy” rating on the stock in a research report on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 5,488.33 ($73.67).

Rio Tinto Group Trading Up 1.3%

Shares of LON RIO opened at GBX 4,485.43 ($60.21) on Thursday. The company’s fifty day moving average is GBX 4,400.35 and its 200-day moving average is GBX 4,614.45. The stock has a market cap of £94.12 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a twelve month low of GBX 4,024.50 ($54.02) and a twelve month high of GBX 5,474 ($73.48). The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28.

About Rio Tinto Group