Rio Tinto Group (LON:RIO – Get Free Report) insider Peter Cunningham sold 6 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 7,311, for a total transaction of £438.66.
Rio Tinto Group Stock Performance
Shares of LON RIO opened at GBX 7,290 on Wednesday. The firm has a market capitalization of £118.55 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of -0.64 and a beta of 0.64. Rio Tinto Group has a 12-month low of GBX 4,110 and a 12-month high of GBX 7,575. The firm has a 50 day moving average of GBX 7,012.81 and a 200 day moving average of GBX 6,213.49. The company has a current ratio of 1.44, a quick ratio of 1.34 and a debt-to-equity ratio of 39.51.
Analysts Set New Price Targets
A number of research firms have weighed in on RIO. Citigroup upped their price target on shares of Rio Tinto Group from GBX 7,000 to GBX 7,200 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Berenberg Bank reiterated a “hold” rating and issued a GBX 5,300 price target on shares of Rio Tinto Group in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,400 price target on shares of Rio Tinto Group in a research report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 6,190.
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. 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.
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