Rio Tinto Group (LON:RIO) Given Average Rating of “Hold” by Brokerages

Rio Tinto Group (LON:RIO) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 5,325.

RIO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Rio Tinto Group from GBX 5,570 to GBX 5,450 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price target on Rio Tinto Group from GBX 4,700 to GBX 4,900 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft cut Rio Tinto Group to a “hold” rating and lowered their price target for the company from GBX 5,300 to GBX 5,100 in a research report on Wednesday, July 30th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 4,700 price target on shares of Rio Tinto Group in a research report on Friday, August 1st.

Rio Tinto Group Stock Performance

Shares of LON:RIO opened at GBX 4,591.10 on Friday. The business’s fifty day moving average price is GBX 4,541.99 and its two-hundred day moving average price is GBX 4,524.90. Rio Tinto Group has a fifty-two week low of GBX 4,024.50 and a fifty-two week high of GBX 5,474. The stock has a market capitalization of £74.60 billion, a price-to-earnings ratio of 731.18, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. 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

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero.