Rio Tinto Group (LON:RIO) Given Average Rating of “Moderate Buy” by Brokerages

Rio Tinto Group (LON:RIO) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 6,203.75 ($78.33).

RIO has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Rio Tinto Group from GBX 6,200 ($78.28) to GBX 6,000 ($75.76) and set a “buy” rating on the stock in a research report on Monday, September 9th. Berenberg Bank reissued a “buy” rating and set a GBX 6,000 ($75.76) price target on shares of Rio Tinto Group in a research note on Wednesday, December 11th. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($80.81) price target on shares of Rio Tinto Group in a research report on Friday, December 6th.

Insider Activity

In related news, insider Simon Henry acquired 200 shares of Rio Tinto Group stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average cost of GBX 4,956 ($62.58) per share, with a total value of £9,912 ($12,515.15). Also, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($62.98), for a total transaction of £323,671.32 ($408,675.91). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Price Performance

Shares of Rio Tinto Group stock opened at GBX 4,928.50 ($62.23) on Wednesday. The firm has a market cap of £61.61 billion, a P/E ratio of 972.22, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The firm’s 50-day simple moving average is GBX 5,030.47 and its 200-day simple moving average is GBX 5,062.32. Rio Tinto Group has a twelve month low of GBX 4,509 ($56.93) and a twelve month high of GBX 5,910 ($74.62). The company has a debt-to-equity ratio of 25.01, a quick ratio of 1.34 and a current ratio of 1.70.

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.