Brokerages Set Rio Tinto Group (LON:RIO) PT at GBX 7,647.14

Shares of Rio Tinto Group (LON:RIO) have earned an average rating of “Reduce” from the seven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 7,645.71.

Several analysts recently weighed in on RIO shares. Berenberg Bank dropped their price objective on Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a “hold” rating for the company in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised Rio Tinto Group to a “neutral” rating and boosted their target price for the stock from GBX 8,250 to GBX 8,270 in a research note on Wednesday. Shore Capital Group dropped their target price on shares of 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 7,400 price target on shares of Rio Tinto Group in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada lowered their price objective on shares of Rio Tinto Group from GBX 6,300 to GBX 6,100 and set an “underperform” rating for the company in a research report on Thursday, July 16th.

Insiders Place Their Bets

In related news, insider Peter Cunningham sold 4 shares of the business’s stock in a transaction on Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total transaction of £265.60. 0.10% of the stock is owned by corporate insiders.

Rio Tinto Group Stock Performance

RIO opened at GBX 6,869 on Wednesday. The firm has a market cap of £111.71 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a 52-week low of GBX 4,344.50 and a 52-week high of GBX 8,325. The company has a debt-to-equity ratio of 37.79, a quick ratio of 1.34 and a current ratio of 1.44. The business’s fifty day moving average is GBX 7,362.96 and its 200-day moving average is GBX 7,118.86.

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.