Rio Tinto Group (LON:RIO) Earns “Hold” Rating from Berenberg Bank

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat reports. They currently have a GBX 5,300 price objective on the stock. Berenberg Bank’s target price suggests a potential downside of 18.37% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Citigroup lifted their price objective on shares of Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a “neutral” rating in a report on Monday, November 17th. Royal Bank Of Canada increased their price objective on Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the company a “sector perform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Rio Tinto Group presently has an average rating of “Hold” and a consensus price target of GBX 5,830.

Rio Tinto Group Trading Down 2.2%

LON RIO opened at GBX 6,492.49 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. The stock has a market capitalization of £105.50 billion, a P/E ratio of 10.34, a PEG ratio of -0.64 and a beta of 0.59. The firm’s 50-day moving average is GBX 5,814.17 and its two-hundred day moving average is GBX 5,147.52. Rio Tinto Group has a 12 month low of GBX 4,024.50 and a 12 month high of GBX 6,676.

Insider Transactions at Rio Tinto Group

In related news, insider Peter Cunningham sold 3,108 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of GBX 5,464, for a total value of £169,821.12. 0.10% of the stock is owned by company insiders.

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. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.

We have more than 150 years of mining and processing experience guiding our work.