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

Rio Tinto Group (LON:RIO) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 6,203.75 ($77.07).

A number of research firms have commented on RIO. Berenberg Bank reiterated a “buy” rating and set a GBX 6,000 ($74.53) target price on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($79.50) price target on shares of Rio Tinto Group in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Rio Tinto Group from GBX 6,200 ($77.02) to GBX 6,000 ($74.53) and set a “buy” rating on the stock in a research note on Monday, September 9th. Finally, Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th.

Insider Buying and Selling at Rio Tinto Group

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 ($61.96), for a total transaction of £323,671.32 ($402,076.17). Also, insider Simon Henry acquired 200 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 4,956 ($61.57) per share, for a total transaction of £9,912 ($12,313.04). 14.62% of the stock is currently owned by insiders.

Rio Tinto Group Trading Down 1.4 %

LON:RIO opened at GBX 4,698 ($58.36) on Friday. Rio Tinto Group has a 1 year low of GBX 4,509 ($56.01) and a 1 year high of GBX 5,854 ($72.72). 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 stock has a fifty day moving average price of GBX 4,891.37 and a two-hundred day moving average price of GBX 4,977.77. The stock has a market capitalization of £58.73 billion, a price-to-earnings ratio of 932.14, a PEG ratio of -0.64 and a beta of 0.59.

Rio Tinto Group Company Profile