Rio Tinto Group’s (RIO) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Rio Tinto Group (LON:RIO) in a research note released on Friday, Marketbeat Ratings reports. They currently have a GBX 6,400 ($81.56) price target on the stock.

Several other analysts have also recently commented on RIO. Berenberg Bank restated a “buy” rating and set a GBX 6,200 ($79.01) price objective on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Rio Tinto Group from GBX 6,200 ($79.01) to GBX 6,000 ($76.46) and set a “buy” rating on the stock in a research report on Monday, September 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,228.75 ($79.38).

Rio Tinto Group Trading Down 0.8 %

Shares of LON:RIO opened at GBX 4,924 ($62.75) on Friday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.01. Rio Tinto Group has a 52-week low of GBX 4,509 ($57.46) and a 52-week high of GBX 5,910 ($75.32). The stock has a market cap of £61.55 billion, a price-to-earnings ratio of 976.98, a PEG ratio of -0.64 and a beta of 0.59. The business has a 50-day moving average price of GBX 5,025.49 and a 200-day moving average price of GBX 5,077.63.

Insider Transactions at Rio Tinto Group

In related news, insider Simon Henry bought 200 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were acquired at an average price of GBX 4,956 ($63.16) per share, for a total transaction of £9,912 ($12,631.58). Also, insider Jakob Stausholm sold 6,489 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($63.57), for a total transaction of £323,671.32 ($412,477.79). Corporate insiders own 14.62% of the company’s stock.

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.