Rio Tinto Group (LON:RIO) Price Target Raised to GBX 5,400

Rio Tinto Group (LON:RIO) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 5,200 ($70.59) to GBX 5,400 ($73.30) in a report issued on Tuesday morning, Analyst Price Targets reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other analysts have also recently issued reports on the stock. Citigroup restated a buy rating and set a GBX 5,600 ($76.01) target price on shares of Rio Tinto Group in a research note on Thursday, December 2nd. JPMorgan Chase & Co. set a GBX 4,900 ($66.51) target price on shares of Rio Tinto Group in a research note on Tuesday, January 4th. The Goldman Sachs Group set a GBX 5,310 ($72.08) target price on shares of Rio Tinto Group in a research note on Thursday, October 21st. Morgan Stanley set a GBX 5,220 ($70.86) target price on shares of Rio Tinto Group in a research note on Thursday, December 9th. Finally, Jefferies Financial Group set a GBX 5,800 ($78.73) target price on shares of Rio Tinto Group in a research note on Wednesday, September 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rio Tinto Group currently has an average rating of Hold and a consensus target price of GBX 5,055.38 ($68.62).

Shares of RIO stock opened at GBX 5,392 ($73.19) on Tuesday. The stock has a market cap of £87.32 billion and a P/E ratio of 6.31. The company has a debt-to-equity ratio of 23.22, a current ratio of 2.13 and a quick ratio of 1.77. The company has a fifty day moving average price of GBX 4,793.59 and a two-hundred day moving average price of GBX 5,174.99. Rio Tinto Group has a one year low of GBX 4,354 ($59.10) and a one year high of GBX 6,876.26 ($93.34).

In other Rio Tinto Group news, insider Peter Cunningham sold 5 shares of the firm’s stock in a transaction dated Tuesday, October 19th. The shares were sold at an average price of GBX 5,055 ($68.62), for a total value of £252.75 ($343.08). Over the last three months, insiders sold 1,134 shares of company stock worth $5,243,411.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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Analyst Recommendations for Rio Tinto Group (LON:RIO)