Rio Tinto Group (LON:RIO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Rio Tinto Group (LON:RIOGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 6,241.25 ($78.49).

A number of equities analysts recently weighed in on RIO shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,300 ($79.23) price objective on shares of Rio Tinto Group in a research report on Thursday, February 20th. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($80.48) target price on shares of Rio Tinto Group in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. reaffirmed a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th.

View Our Latest Analysis on Rio Tinto Group

Insider Activity

In related news, insider Jakob Stausholm sold 6,489 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.73), for a total value of £323,671.32 ($407,031.34). Also, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($63.83), for a total value of £31,521.96 ($39,640.29). In the last quarter, insiders sold 7,114 shares of company stock worth $35,539,344. 14.62% of the stock is currently owned by company insiders.

Rio Tinto Group Trading Down 0.5 %

Shares of RIO stock opened at GBX 4,794 ($60.29) on Monday. Rio Tinto Group has a 1-year low of GBX 4,509 ($56.70) and a 1-year high of GBX 5,854 ($73.62). The firm has a market cap of £100.60 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The company has a 50-day moving average of GBX 4,882.07 and a two-hundred day moving average of GBX 4,908.13. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34.

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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