Rio Tinto Group’s (RIO) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Rio Tinto Group (LON:RIO) in a research note released on Wednesday, MarketBeat.com reports. They currently have a GBX 6,000 ($75.73) price target on the stock.

Several other brokerages have also issued reports on RIO. Deutsche Bank Aktiengesellschaft dropped their price objective on Rio Tinto Group from GBX 6,200 ($78.25) to GBX 6,000 ($75.73) and set a “buy” rating on the stock in a report on Monday, September 9th. Citigroup restated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,400 ($80.78) target price on shares of Rio Tinto Group in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,203.75 ($78.30).

Rio Tinto Group Stock Performance

Shares of RIO stock opened at GBX 4,900 ($61.85) on Wednesday. The company has a market cap of £61.25 billion, a P/E ratio of 985.02, a PEG ratio of -0.64 and a beta of 0.59. The firm has a fifty day moving average price of GBX 5,034.01 and a 200 day moving average price of GBX 5,074.13. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.01. Rio Tinto Group has a 12 month low of GBX 4,509 ($56.91) and a 12 month high of GBX 5,910 ($74.59).

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Simon Henry purchased 200 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were purchased at an average price of GBX 4,956 ($62.55) per share, for a total transaction of £9,912 ($12,510.41). Also, 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 ($62.96), for a total transaction of £323,671.32 ($408,521.17). Insiders own 14.62% of the company’s stock.

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.