Rio Tinto Group (LON:RIO – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 5,668.44 and traded as high as GBX 7,232. Rio Tinto Group shares last traded at GBX 7,178.77, with a volume of 4,277,806 shares traded.
Analysts Set New Price Targets
Several research analysts have commented on RIO shares. Royal Bank Of Canada lifted their price target on shares of Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Citigroup upped their price target on shares of Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a “neutral” rating in a research report on Monday, November 17th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 5,300 price objective on shares of Rio Tinto Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rio Tinto Group currently has a consensus rating of “Hold” and a consensus price target of GBX 5,830.
View Our Latest Stock Report on Rio Tinto Group
Rio Tinto Group Stock Up 1.1%
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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