Rio Tinto Group (LON:RIO) Price Target Raised to GBX 6,950 at JPMorgan Chase & Co.

Rio Tinto Group (LON:RIO) had its target price raised by JPMorgan Chase & Co. from GBX 6,100 to GBX 6,950 in a research report report published on Wednesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms have also weighed in on RIO. Royal Bank Of Canada dropped their target price on shares of Rio Tinto Group from GBX 5,000 to GBX 4,900 and set a “sector perform” rating for the company in a report on Monday. Berenberg Bank restated a “hold” rating and set a GBX 5,200 price target on shares of Rio Tinto Group in a report on Wednesday, October 15th. Finally, Citigroup increased their price objective on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the stock a “neutral” rating in a report on Monday, November 17th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Rio Tinto Group presently has a consensus rating of “Hold” and an average target price of GBX 5,708.33.

Rio Tinto Group Trading Up 1.6%

LON:RIO opened at GBX 5,504 on Wednesday. The firm has a market capitalization of £89.43 billion, a P/E ratio of 8.77, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The company has a fifty day moving average of GBX 5,227.10 and a 200 day moving average of GBX 4,745.96. Rio Tinto Group has a 52 week low of GBX 4,024.50 and a 52 week high of GBX 5,662.

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.