Brokerages Set Rio Tinto Group (LON:RIO) Target Price at GBX 6,203.75

Rio Tinto Group (LON:RIO) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 6,203.75 ($77.56).

A number of analysts have recently issued reports on RIO shares. Berenberg Bank reiterated a “buy” rating and set a GBX 6,000 ($75.01) price target on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($80.01) price target on shares of Rio Tinto Group in a research note on Friday, December 6th. Finally, Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th.

Rio Tinto Group Price Performance

LON:RIO opened at GBX 5,009 ($62.62) on Thursday. Rio Tinto Group has a 52-week low of GBX 4,509 ($56.37) and a 52-week high of GBX 5,854 ($73.18). The stock has a fifty day moving average of GBX 4,858.46 and a 200 day moving average of GBX 4,917.67. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a market capitalization of £62.61 billion, a price-to-earnings ratio of 993.85, a P/E/G ratio of -0.64 and a beta of 0.59.

Insider Activity

In other news, insider Jakob Stausholm sold 6,489 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.36), for a total transaction of £323,671.32 ($404,639.73). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Company Profile