Berenberg Bank Reiterates Buy Rating for Rio Tinto Group (LON:RIO)

Rio Tinto Group (LON:RIO)‘s stock had its “buy” rating reissued by Berenberg Bank in a report issued on Thursday, MarketBeat reports. They currently have a GBX 6,300 ($79.60) price objective on the stock. Berenberg Bank’s price target points to a potential upside of 23.97% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group reissued 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 reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,241.25 ($78.85).

Rio Tinto Group Stock Up 0.4 %

Shares of RIO opened at GBX 5,082 ($64.21) on Thursday. The company has a market capitalization of £106.64 billion, a P/E ratio of 9.62, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a one year low of GBX 4,509 ($56.97) and a one year high of GBX 5,854 ($73.96). The business’s 50 day simple moving average is GBX 4,871.20 and its 200-day simple moving average is GBX 4,911.82. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34.

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 shares were sold at an average price of GBX 4,988 ($63.02), for a total value of £323,671.32 ($408,934.07). 14.62% of the stock is owned by company insiders.

Rio Tinto Group Company Profile