Rio Tinto Group (LON:RIO) Receives Consensus Rating of “Hold” from Analysts

Shares of Rio Tinto Group (LON:RIO) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 5,516.67.

Several equities research analysts have commented on RIO shares. JPMorgan Chase & Co. dropped their price target on Rio Tinto Group from GBX 6,170 to GBX 6,100 and set an “overweight” rating for the company in a research note on Wednesday, October 15th. Berenberg Bank restated a “hold” rating and set a GBX 5,200 price target on shares of Rio Tinto Group in a research note on Wednesday, October 15th. Royal Bank Of Canada upped their price target on Rio Tinto Group from GBX 4,700 to GBX 4,900 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered Rio Tinto Group to a “hold” rating and dropped their price target for the stock from GBX 5,300 to GBX 5,100 in a research note on Wednesday, July 30th.

Rio Tinto Group Stock Performance

Shares of LON:RIO opened at GBX 5,483 on Friday. The firm has a market capitalization of £89.09 billion, a PE ratio of 8.73, a P/E/G 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. The business has a 50-day moving average of GBX 4,889.59 and a two-hundred day moving average of GBX 4,609.65. Rio Tinto Group has a 12 month low of GBX 4,024.50 and a 12 month high of GBX 5,565.

Rio Tinto Group Company Profile

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.