Rio Tinto Group (LON:RIO) Insider Peter Cunningham Sells 4 Shares of Stock

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 4 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total value of £265.60.

Rio Tinto Group Price Performance

Shares of RIO opened at GBX 6,903 on Thursday. The company has a market capitalization of £112.26 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a fifty-two week low of GBX 4,344.50 and a fifty-two week high of GBX 8,325. The company has a debt-to-equity ratio of 37.79, a current ratio of 1.44 and a quick ratio of 1.34. The business’s 50-day moving average is GBX 7,406.86 and its 200-day moving average is GBX 7,114.69.

Analysts Set New Price Targets

Several research analysts have weighed in on RIO shares. Berenberg Bank dropped their price objective on shares of Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating on the stock in a research note on Thursday, July 16th. Royal Bank Of Canada lowered their price target on shares of Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating on the stock in a report on Thursday, July 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 8,500 price target on shares of Rio Tinto Group in a research note on Tuesday, June 9th. Shore Capital Group cut their price objective on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 7,400 target price on shares of Rio Tinto Group in a research note on Wednesday, July 1st. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rio Tinto Group currently has an average rating of “Reduce” and a consensus target price of GBX 7,645.71.

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.