Rio Tinto Group (LON:RIO) Stock Keeps Hold Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “hold” rating on Rio Tinto and maintained a GBX 7,400 price target, implying approximately 2.2% upside from the current price.
• Analyst sentiment remains broadly neutral: Rio Tinto has an average “Hold” rating and a consensus price target of GBX 7,707.14, with ratings ranging from “Buy” to “Sell.”
• Shares opened at GBX 7,241 and have traded between GBX 4,925 and GBX 8,325 over the past year; the company has a market capitalization of about £117.76 billion and a P/E ratio of 9.81.

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "hold" rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 7,400 price target on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 2.20% from the company's current price.

Several other brokerages have also recently weighed in on RIO. Jefferies Financial Group restated a "hold" rating and issued a GBX 8,500 price target on shares of Rio Tinto Group in a research report on Tuesday, June 9th. Citigroup lowered their price objective on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a "neutral" rating for the company in a research report on Friday, July 10th. JPMorgan Chase & Co. dropped their price objective on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. Berenberg Bank upgraded shares of Rio Tinto Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from GBX 8,100 to GBX 8,600 in a report on Thursday, July 30th. Finally, Royal Bank Of Canada restated an "underperform" rating and set a GBX 6,100 target price on shares of Rio Tinto Group in a research report on Wednesday, July 29th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of GBX 7,707.14.

Rio Tinto Group Stock Up 0.8%

Shares of RIO opened at GBX 7,241 on Tuesday. The company has a debt-to-equity ratio of 34.91, a current ratio of 1.42 and a quick ratio of 1.34. The stock has a market capitalization of £117.76 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 1 year low of GBX 4,925 and a 1 year high of GBX 8,325. The business's 50 day simple moving average is GBX 7,339.77 and its 200-day simple moving average is GBX 7,310.35.

Insider Buying and Selling at Rio Tinto Group

In other news, insider Peter Cunningham sold 4 shares of the firm's stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total value of £265.60. Corporate insiders own 0.10% of the company's stock.

About Rio Tinto Group

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries. We have more than 150 years of mining and processing experience guiding our work.

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