Jefferies Financial Group Reaffirms Buy Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research note issued to investors on Friday, Marketbeat.com reports. They presently have a GBX 6,400 ($81.57) price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 29.98% from the stock’s current price.

Several other research analysts have also recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,200 ($79.02) price target on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Rio Tinto Group from GBX 6,200 ($79.02) to GBX 6,000 ($76.47) and set a “buy” rating on the stock in a research note on Monday, September 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 6,228.75 ($79.39).

Rio Tinto Group Trading Down 0.8 %

LON:RIO opened at GBX 4,924 ($62.76) on Friday. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70. Rio Tinto Group has a one year low of GBX 4,509 ($57.47) and a one year high of GBX 5,910 ($75.33). The business’s 50-day simple moving average is GBX 5,025.49 and its 200 day simple moving average is GBX 5,081.31. The stock has a market cap of £61.55 billion, a price-to-earnings ratio of 976.98, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

Insider Activity at Rio Tinto Group

In related 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 ($63.57), for a total value of £323,671.32 ($412,530.36). Also, insider Simon Henry acquired 200 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 4,956 ($63.17) per share, with a total value of £9,912 ($12,633.19). 14.62% of the stock is owned by corporate 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.