Rio Tinto Group (LON:RIO) Receives GBX 6,203.75 Average Price Target from Analysts

Posted by MarketBeat News on Jan 8th, 2025

Rio Tinto Group (LON:RIO – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is GBX 6,203.75 ($77.39).

RIO has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($79.84) target price on shares of Rio Tinto Group in a research report on Friday, December 6th. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 6,000 ($74.85) price target on shares of Rio Tinto Group in a research note on Wednesday, December 11th.

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In related news, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($62.23), for a total transaction of £323,671.32 ($403,781.59). Also, insider Simon Henry purchased 200 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were bought at an average cost of GBX 4,956 ($61.83) per share, for a total transaction of £9,912 ($12,365.27). 14.62% of the stock is owned by company insiders.

Rio Tinto Group Price Performance

RIO stock opened at GBX 4,667.22 ($58.22) on Friday. Rio Tinto Group has a 1 year low of GBX 4,509 ($56.25) and a 1 year high of GBX 5,854 ($73.03). The firm has a market capitalization of £58.34 billion, a P/E ratio of 926.04, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.01, a current ratio of 1.70 and a quick ratio of 1.34. The business’s 50-day moving average is GBX 4,879.81 and its two-hundred day moving average is GBX 4,965.79.