Rio Tinto Group (LON:RIO) Price Target Raised to GBX 7,200 at Citigroup

Rio Tinto Group (LON:RIO) had its price target hoisted by Citigroup from GBX 7,000 to GBX 7,200 in a research report sent to investors on Monday morning,Digital Look reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also commented on RIO. Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,300 target price on shares of Rio Tinto Group in a report on Wednesday, January 21st. Royal Bank Of Canada upped their target price on Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the company a “sector perform” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 6,130.

Rio Tinto Group Stock Down 0.4%

LON:RIO opened at GBX 7,316 on Monday. The firm has a market capitalization of £118.97 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of -0.64 and a beta of 0.64. The stock has a 50 day moving average of GBX 6,975.66 and a 200-day moving average of GBX 6,110.02. Rio Tinto Group has a 52 week low of GBX 4,110 and a 52 week high of GBX 7,575. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51.

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.