Rio Tinto Group (LON:RIO) Earns Not Rated Rating from JPMorgan Chase & Co.

Rio Tinto Group (LON:RIO)‘s stock had its “not rated” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday, Marketbeat Ratings reports.

Several other research firms have also weighed in on RIO. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($80.86) price objective on shares of Rio Tinto Group in a research note on Friday, December 6th. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,300 ($79.60) price target on shares of Rio Tinto Group in a report on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 6,241.25 ($78.85).

Rio Tinto Group Trading Up 0.4 %

Shares of RIO stock opened at GBX 5,082 ($64.21) on Thursday. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($56.97) and a fifty-two week high of GBX 5,854 ($73.96). The stock’s fifty day moving average price is GBX 4,871.20 and its two-hundred day moving average price is GBX 4,911.82. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The company has a market cap of £106.64 billion, a PE ratio of 9.62, a P/E/G ratio of -0.64 and a beta of 0.59.

Insider Transactions at Rio Tinto Group

In other news, insider Jakob Stausholm sold 6,489 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.02), for a total transaction of £323,671.32 ($408,934.07). Company insiders own 14.62% of the company’s stock.

About Rio Tinto Group