Rio Tinto Group (LON:RIO) Price Target Raised to GBX 6,100 at Royal Bank Of Canada

Rio Tinto Group (LON:RIO) had its target price increased by Royal Bank Of Canada from GBX 6,000 to GBX 6,100 in a research note published on Thursday, Marketbeat Ratings reports. The firm currently has a sector perform rating on the stock.

Several other analysts have also weighed in on RIO. Citigroup boosted their target price on shares of Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a “neutral” rating in a research note on Monday, November 17th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,200 price target on shares of Rio Tinto Group in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of 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 research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 5,830.

Rio Tinto Group Price Performance

Shares of LON RIO opened at GBX 6,492.49 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The company has a market capitalization of £105.50 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a twelve month low of GBX 4,024.50 and a twelve month high of GBX 6,676. The business has a 50 day simple moving average of GBX 5,814.17 and a 200-day simple moving average of GBX 5,147.52.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 3,108 shares of Rio Tinto Group 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 transaction of £169,821.12. Company insiders own 0.10% of the company’s stock.

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.