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

Rio Tinto Group (LON:RIO) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 6,203.75 ($77.24).

A number of analysts have recently issued reports on the company. Citigroup reaffirmed 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 6,000 ($74.70) target price on shares of Rio Tinto Group in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($79.68) target price 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 company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.10), for a total transaction of £323,671.32 ($402,977.24). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Stock Performance

Shares of RIO opened at GBX 4,839.64 ($60.25) on Thursday. The firm’s 50 day moving average price is GBX 4,861.67 and its two-hundred day moving average price is GBX 4,932.02. Rio Tinto Group has a twelve month low of GBX 4,509 ($56.14) and a twelve month high of GBX 5,854 ($72.88). The firm has a market cap of £60.50 billion, a P/E ratio of 960.25, a PEG ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70.

About Rio Tinto Group