Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Rio Tinto Group (LON:RIO – Free Report) in a report published on Wednesday,Digital Look reports. They currently have a GBX 6,900 price objective on the stock.
Several other brokerages also recently commented on RIO. Citigroup raised their price objective on Rio Tinto Group from GBX 7,000 to GBX 7,200 and gave the stock a “neutral” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their price objective on shares of Rio Tinto Group from GBX 7,030 to GBX 7,200 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,400 target price on shares of Rio Tinto Group in a report on Friday, April 17th. Finally, Berenberg Bank dropped their price target on shares of Rio Tinto Group from GBX 6,700 to GBX 6,600 and set a “hold” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 6,860.
Check Out Our Latest Stock Analysis on Rio Tinto Group
Rio Tinto Group Trading Down 0.9%
Insider Buying and Selling at Rio Tinto Group
In other news, insider Peter Cunningham sold 6 shares of Rio Tinto Group 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.
More 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.
Further Reading
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