Rio Tinto Group (LON:RIO) Price Target Lowered to GBX 6,600 at Berenberg Bank

Rio Tinto Group (LON:RIO) had its price target trimmed by Berenberg Bank from GBX 6,700 to GBX 6,600 in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the stock. Citigroup lifted 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 research report on Monday, April 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 6,400 price target on shares of Rio Tinto Group in a research note on Friday, April 17th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Rio Tinto Group presently has an average rating of “Hold” and an average price target of GBX 6,860.

Rio Tinto Group Stock Performance

Shares of RIO opened at GBX 7,393 on Wednesday. The firm has a market capitalization of £120.22 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of -0.64 and a beta of 0.64. The company has a debt-to-equity ratio of 39.51, a current ratio of 1.44 and a quick ratio of 1.34. The company has a 50-day simple moving average of GBX 7,016.39 and a two-hundred day simple moving average of GBX 6,222.20. Rio Tinto Group has a one year low of GBX 4,110 and a one year high of GBX 7,575.

Insider Buying and Selling

In related news, insider Peter Cunningham sold 6 shares of Rio Tinto Group stock in a transaction on Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total transaction of £438.66. Corporate 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.