Rio Tinto Group (LON:RIO) Given New GBX 4,900 Price Target at Royal Bank Of Canada

Rio Tinto Group (LON:RIO) had its price objective increased by equities research analysts at Royal Bank Of Canada from GBX 4,700 ($62.09) to GBX 4,900 ($64.73) in a report issued on Wednesday, Marketbeat reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.05% from the stock’s current price.

Several other research firms have also weighed in on RIO. Berenberg Bank reiterated a “hold” rating and set a GBX 4,700 ($62.09) target price on shares of Rio Tinto Group in a research note on Thursday, July 17th. JPMorgan Chase & Co. lowered their target price on shares of Rio Tinto Group from GBX 5,570 ($73.58) to GBX 5,450 ($71.99) and set an “overweight” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Rio Tinto Group from GBX 5,500 ($72.66) to GBX 5,300 ($70.01) and set a “buy” rating for the company in a research note on Wednesday, July 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 5,325 ($70.34).

Rio Tinto Group Stock Down 0.2%

RIO stock opened at GBX 4,493.52 ($59.36) on Wednesday. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34. Rio Tinto Group has a 1-year low of GBX 4,024.50 ($53.16) and a 1-year high of GBX 5,474 ($72.31). The firm has a fifty day moving average price of GBX 4,397.89 and a two-hundred day moving average price of GBX 4,608.03. The firm has a market cap of £94.29 billion, a price-to-earnings ratio of 8.51, a PEG ratio of -0.64 and a beta of 0.59.

About Rio Tinto Group