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

Rio Tinto Group (LON:RIO) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 6,241.25 ($80.93).

A number of analysts recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 6,300 ($81.69) price target on shares of Rio Tinto Group in a research note on Thursday, February 20th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,400 ($82.99) price objective on shares of Rio Tinto Group in a report on Friday, December 6th. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th.

Rio Tinto Group Trading Down 1.3 %

LON RIO opened at GBX 4,843 ($62.80) on Friday. The stock has a market cap of £101.62 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($58.47) and a fifty-two week high of GBX 5,854 ($75.91). The stock has a 50 day simple moving average of GBX 4,914.50 and a two-hundred day simple moving average of GBX 4,900.75. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70.

Insider Activity at Rio Tinto Group

In other news, insider Ngaire Woods acquired 516 shares of Rio Tinto Group stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of GBX 4,820 ($62.50) per share, for a total transaction of £24,871.20 ($32,250.00). Also, insider Peter Cunningham sold 621 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($65.82), for a total transaction of £31,521.96 ($40,873.91). 14.62% of the stock is owned by corporate insiders.

Rio Tinto Group Company Profile