JPMorgan Chase & Co. Issues Positive Forecast for Rio Tinto Group (LON:RIO) Stock Price

Rio Tinto Group (LON:RIO) had its price target boosted by JPMorgan Chase & Co. from GBX 7,030 to GBX 7,200 in a report published on Wednesday,Digital Look reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently issued reports on RIO. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,400 price objective on shares of Rio Tinto Group in a research note on Friday, April 17th. Berenberg Bank reduced their price objective on Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating for the company in a report on Wednesday. Finally, Citigroup upped their price target on shares of Rio Tinto Group from GBX 7,000 to GBX 7,200 and gave the company a “neutral” rating in a report on Monday, April 13th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 6,860.

Rio Tinto Group Trading Down 0.9%

LON RIO opened at GBX 7,393 on Wednesday. The firm has a market cap of £120.22 billion, a PE ratio of 12.15, a P/E/G ratio of -0.64 and a beta of 0.64. Rio Tinto Group has a one year low of GBX 4,110 and a one year high of GBX 7,575. The firm’s fifty day moving average is GBX 7,016.39 and its two-hundred day moving average is GBX 6,222.20. The company has a debt-to-equity ratio of 39.51, a quick ratio of 1.34 and a current ratio of 1.44.

Insider Transactions at Rio Tinto Group

In related news, 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 value of £438.66. Insiders own 0.10% of the company’s stock.

Key Rio Tinto Group News

Here are the key news stories impacting Rio Tinto Group this week:

• Positive Sentiment: Pilbara iron‑ore output rose in Q1, signalling stronger volumes that support near‑term revenue and cash flow expectations. Bloomberg: Pilbara output rises
• Positive Sentiment: JPMorgan raised its price target to GBX 7,200 (from GBX 7,030), a move that can lift investor confidence even though the rating stayed neutral. TickerReport: JPMorgan raises PT
• Positive Sentiment: Market previews flagged Rio’s stronger Q1 copper‑equivalent and iron‑ore production, reinforcing the production narrative backing the share move. Yahoo NZ: ASX preview — Rio reports higher Q1 output
• Neutral Sentiment: Deutsche Bank reaffirmed a “hold” rating with a GBX 6,900 price target — a cautious stance that is not materially negative but sits below current market levels. Digital Look: Deutsche Bank note
• Neutral Sentiment: Insider Peter Cunningham sold six shares (small, immaterial amount) at ~GBX 7,311 — unlikely to change investor view on fundamentals. InsiderTrades: Insider sale
• Negative Sentiment: Berenberg trimmed its price target slightly to GBX 6,600 (from GBX 6,700) and kept a “hold” rating — a modest headwind for bulls given the lower target. Digital Look: Berenberg note

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.