Rio Tinto Group’s (RIO) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Rio Tinto Group (LON:RIO) in a report issued on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 6,200 ($78.78) price objective on the stock.

A number of other research analysts have also issued reports on the company. Royal Bank of Canada decreased their target price on Rio Tinto Group from GBX 6,100 ($77.51) to GBX 5,900 ($74.97) and set a sector perform rating for the company in a report on Thursday, February 22nd. Bank of America reissued a buy rating and set a GBX 7,700 ($97.84) price objective on shares of Rio Tinto Group in a research report on Wednesday, April 17th. Berenberg Bank restated a buy rating and issued a GBX 5,900 ($74.97) target price on shares of Rio Tinto Group in a report on Wednesday, June 12th. JPMorgan Chase & Co. cut their price target on shares of Rio Tinto Group from GBX 6,630 ($84.24) to GBX 6,610 ($83.99) and set an overweight rating on the stock in a research note on Thursday, April 18th. Finally, Barclays restated an overweight rating and issued a GBX 6,000 ($76.24) price objective on shares of Rio Tinto Group in a research note on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of GBX 6,326.25 ($80.38).

Rio Tinto Group Stock Performance

LON:RIO opened at GBX 5,208 ($66.18) on Tuesday. Rio Tinto Group has a fifty-two week low of GBX 4,509.50 ($57.30) and a fifty-two week high of GBX 5,910 ($75.10). The company has a debt-to-equity ratio of 25.47, a quick ratio of 1.34 and a current ratio of 1.69. The company has a 50 day moving average price of GBX 5,450.76 and a 200 day moving average price of GBX 5,384.66. The stock has a market capitalization of £65.10 billion, a P/E ratio of 1,085.00, a PEG ratio of -0.64 and a beta of 0.63.

About Rio Tinto Group

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.