Brokerages Set Rio Tinto Group (LON:RIO) PT at GBX 6,338.33

Rio Tinto Group (LON:RIO) has earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 6,338.33 ($80.34).

Several brokerages recently issued reports on RIO. Deutsche Bank Aktiengesellschaft cut their price target on Rio Tinto Group from GBX 6,200 ($78.59) to GBX 6,000 ($76.06) and set a “buy” rating on the stock in a report on Monday, September 9th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 5,700 ($72.25) target price on shares of Rio Tinto Group in a research report on Thursday, August 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,200 ($78.59) price target on shares of Rio Tinto Group in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price target on Rio Tinto Group from GBX 6,500 ($82.39) to GBX 6,430 ($81.51) and set an “overweight” rating on the stock in a report on Thursday, August 1st.

Rio Tinto Group Stock Performance

Shares of RIO stock opened at GBX 4,866 ($61.68) on Friday. The stock has a market capitalization of £60.83 billion, a price-to-earnings ratio of 965.48, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a one year low of GBX 4,509 ($57.16) and a one year high of GBX 5,910 ($74.91). The company’s 50-day simple moving average is GBX 4,955.96 and its 200-day simple moving average is GBX 5,127.26. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70.

Insider Buying and Selling

In other news, insider Simon Henry acquired 200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 4,956 ($62.82) per share, with a total value of £9,912 ($12,564.33). 14.62% of the stock is currently owned by corporate insiders.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.