Rio Tinto Group (LON:RIO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Rio Tinto Group (LON:RIO) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 6,203.75 ($78.33).

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price 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 report on Monday, September 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,400 ($80.81) price objective on shares of Rio Tinto Group in a research report on Friday, December 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,000 ($75.76) target price on shares of Rio Tinto Group in a report on Wednesday, December 11th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th.

Insider Transactions at Rio Tinto Group

In other news, insider Simon Henry purchased 200 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was bought at an average cost of GBX 4,956 ($62.58) per share, for a total transaction of £9,912 ($12,515.15). Also, insider Jakob Stausholm sold 6,489 shares of the firm’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 value of £323,671.32 ($408,675.91). Company insiders own 14.62% of the company’s stock.

Rio Tinto Group Trading Up 0.6 %

Shares of LON:RIO opened at GBX 4,928.50 ($62.23) on Wednesday. The business’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 1 year low of GBX 4,509 ($56.93) and a 1 year high of GBX 5,910 ($74.62). 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 company has a market capitalization of £61.61 billion, a P/E ratio of 972.22, a P/E/G ratio of -0.64 and a beta of 0.59.

About Rio Tinto Group

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.