Analysts Set Rio Tinto Group (LON:RIO) Target Price at GBX 6,241.25

Rio Tinto Group (LON:RIO) has been given an average rating of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 6,241.25 ($80.59).

Several equities analysts recently commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,300 ($81.35) price objective on shares of Rio Tinto Group in a research note on Thursday, February 20th. JPMorgan Chase & Co. reaffirmed a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($82.64) price objective on shares of Rio Tinto Group in a research note on Friday, December 6th.

Rio Tinto Group Price Performance

Shares of LON:RIO opened at GBX 4,757 ($61.43) on Friday. The company has a 50 day moving average of GBX 4,913.28 and a 200 day moving average of GBX 4,902.05. The stock has a market cap of £99.82 billion, a P/E ratio of 9.01, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 12 month low of GBX 4,509 ($58.23) and a 12 month high of GBX 5,854 ($75.59). The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28.

Insiders Place Their Bets

In other news, insider Peter Cunningham sold 621 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($65.55), for a total value of £31,521.96 ($40,705.01). Also, insider Ngaire Woods acquired 516 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of GBX 4,820 ($62.24) per share, with a total value of £24,871.20 ($32,116.74). Corporate insiders own 14.62% of the company’s stock.

Rio Tinto Group Company Profile