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

Shares of Rio Tinto Group (LON:RIO) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 6,228.75 ($79.58).

Several research firms have recently issued reports on RIO. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($81.77) price objective on shares of Rio Tinto Group in a research report on Friday, December 6th. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Berenberg Bank restated a “buy” rating and issued a GBX 6,200 ($79.21) target price on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Rio Tinto Group from GBX 6,200 ($79.21) to GBX 6,000 ($76.66) and set a “buy” rating on the stock in a research note on Monday, September 9th.

Rio Tinto Group Stock Down 0.2 %

LON:RIO opened at GBX 5,103 ($65.20) on Wednesday. Rio Tinto Group has a 52 week low of GBX 4,509 ($57.61) and a 52 week high of GBX 5,910 ($75.51). The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. The stock’s fifty day moving average is GBX 5,029.52 and its two-hundred day moving average is GBX 5,077.87. The stock has a market capitalization of £63.79 billion, a price-to-earnings ratio of 1,012.50, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

Insider Buying and Selling at Rio Tinto Group

In other Rio Tinto Group news, insider Simon Henry acquired 200 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average price of GBX 4,956 ($63.32) per share, with a total value of £9,912 ($12,663.86). Also, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.73), for a total transaction of £323,671.32 ($413,531.77). 14.62% of the stock is owned by company insiders.

Rio Tinto Group Company Profile

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.