Rio Tinto Group (LON:RIO) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Rio Tinto has a consensus “Hold” rating from seven analysts: five issued hold recommendations, one rated it a sell, and one rated it a buy. The average 1-year price target is GBX 7,707.14.
• Recent analyst views remain mixed, with price targets ranging from GBX 6,100 from RBC, which maintained an “underperform” rating, to GBX 8,600 from Berenberg, which upgraded the stock to “buy.”
• Rio Tinto shares opened at GBX 7,077, giving the company a market capitalization of approximately £115.10 billion; the stock has traded between GBX 4,899 and GBX 8,325 over the past year.

Shares of Rio Tinto Group (LON:RIO - Get Free Report) have received a consensus rating of "Hold" from the seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 7,707.14.

RIO has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 8,500 price target on shares of Rio Tinto Group in a research report on Tuesday, June 9th. JPMorgan Chase & Co. reduced their target price on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a "neutral" rating on the stock in a report on Tuesday, July 28th. Royal Bank Of Canada reaffirmed an "underperform" rating and set a GBX 6,100 price target on shares of Rio Tinto Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 7,400 price objective on shares of Rio Tinto Group in a research report on Thursday, July 30th. Finally, Berenberg Bank raised Rio Tinto Group from a "hold" rating to a "buy" rating and upped their target price for the stock from GBX 8,100 to GBX 8,600 in a research report on Thursday, July 30th.

Rio Tinto Group Stock Performance

LON RIO opened at GBX 7,077 on Monday. The firm has a market capitalization of £115.10 billion, a P/E ratio of 9.59, a P/E/G ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 1-year low of GBX 4,899 and a 1-year high of GBX 8,325. 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 business's 50-day simple moving average is GBX 7,334.01 and its 200-day simple moving average is GBX 7,307.76.

Insider Transactions at Rio Tinto Group

In other Rio Tinto Group news, insider Peter Cunningham sold 4 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of GBX 6,640, for a total value of £265.60. 0.10% of the stock is owned by company insiders.

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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