Rio Tinto (LON:RIO) Price Target Cut to GBX 5,100

Rio Tinto (LON:RIO) had its price target cut by analysts at Deutsche Bank from GBX 5,200 ($67.95) to GBX 5,100 ($66.64) in a research report issued on Thursday, Borsen Zeitung reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 5.13% from the stock’s previous close.

Several other brokerages have also recently weighed in on RIO. Royal Bank of Canada boosted their price target on shares of Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the company an “outperform” rating in a research report on Tuesday. Credit Suisse Group set a €19.00 ($22.09) price target on shares of K&S and gave the company a “neutral” rating in a research report on Tuesday, May 14th. BNP Paribas cut shares of Rio Tinto to an “underperform” rating and boosted their price target for the company from GBX 4,300 ($56.19) to GBX 4,500 ($58.80) in a research report on Thursday, April 11th. Societe Generale raised shares of Anglo American to a “buy” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of SUZUKI MTR CORP/ADR in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 4,502.68 ($58.84).

Shares of RIO stock opened at GBX 4,851 ($63.39) on Thursday. The firm’s 50-day moving average price is GBX 4,745.75. The company has a debt-to-equity ratio of 25.60, a quick ratio of 1.51 and a current ratio of 1.92. The firm has a market cap of $61.56 billion and a PE ratio of 6.16. Rio Tinto has a twelve month low of GBX 3,460.50 ($45.22) and a twelve month high of GBX 5,039 ($65.84).

In related news, insider Jean-Sébastien Jacques sold 8 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of GBX 4,596 ($60.05), for a total value of £367.68 ($480.44).

About Rio Tinto

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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