Rio Tinto Group (LON:RIO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Rio Tinto Group (LON:RIO) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 6,241.25 ($78.98).

A number of research analysts recently issued reports on RIO shares. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,400 ($80.99) target price on shares of Rio Tinto Group in a report on Friday, December 6th. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th. Berenberg Bank reissued a “buy” rating and set a GBX 6,300 ($79.73) price objective on shares of Rio Tinto Group in a research note on Thursday. Finally, JPMorgan Chase & Co. restated a “not rated” rating on shares of Rio Tinto Group in a report on Thursday.

Rio Tinto Group Trading Up 0.4 %

Rio Tinto Group stock opened at GBX 5,082 ($64.31) on Monday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. Rio Tinto Group has a 52-week low of GBX 4,509 ($57.06) and a 52-week high of GBX 5,854 ($74.08). The company has a market cap of £106.64 billion, a P/E ratio of 9.62, a P/E/G ratio of -0.64 and a beta of 0.59. The business has a 50-day simple moving average of GBX 4,871.20 and a two-hundred day simple moving average of GBX 4,911.19.

Insider Buying and Selling

In related news, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.12), for a total transaction of £323,671.32 ($409,606.83). 14.62% of the stock is currently owned by insiders.

About Rio Tinto Group