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

Shares of Rio Tinto Group (LON:RIO) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 6,241.25 ($80.80).

RIO has been the subject of a number of recent analyst reports. Citigroup reiterated a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,300 ($81.56) target price on shares of Rio Tinto Group in a report on Thursday, February 20th. JPMorgan Chase & Co. reissued a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 6,400 ($82.86) price objective on shares of Rio Tinto Group in a research note on Friday, December 6th.

Rio Tinto Group Stock Performance

RIO opened at GBX 4,859.50 ($62.91) on Friday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The firm has a market cap of £101.97 billion, a PE ratio of 9.20, a P/E/G ratio of -0.64 and a beta of 0.59. The business has a fifty day simple moving average of GBX 4,911.28 and a 200-day simple moving average of GBX 4,901.24. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($58.38) and a fifty-two week high of GBX 5,854 ($75.79).

Insider Transactions at Rio Tinto Group

In other news, insider Ngaire Woods purchased 516 shares of Rio Tinto Group stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of GBX 4,820 ($62.40) per share, for a total transaction of £24,871.20 ($32,199.90). Also, 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 ($65.72), for a total value of £31,521.96 ($40,810.41). 14.62% of the stock is owned by insiders.

Rio Tinto Group Company Profile