Rio Tinto Group (RIO.L) - What Are Researchers Saying About This Stock?

Key Points

• Analysts maintain a “Hold” consensus on Rio Tinto, with five hold ratings, one sell and one buy among seven analysts. The average 1-year price target is GBX 7,721.43.
• Recent research has been mixed but generally cautious: JPMorgan and Citigroup cut their price targets while maintaining neutral ratings, Deutsche Bank reiterated “hold,” RBC rated the stock “underperform,” and Berenberg maintained a “buy” target of GBX 8,700.
• Rio Tinto opened at GBX 6,241.99, below its 50-day and 200-day moving averages of roughly GBX 7,130 and GBX 7,155, respectively. The stock has traded between GBX 5,159 and GBX 8,325 over the past year, with a market capitalization of £101.52 billion.

Rio Tinto Group (LON:RIO - Get Free Report) has received a consensus rating of "Hold" from the seven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 7,721.43.

RIO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a "neutral" rating for the company in a report on Tuesday, July 28th. Citigroup decreased their price objective on Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a "neutral" rating on the stock in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 7,400 price objective on shares of Rio Tinto Group in a research report on Tuesday, October 6th. Royal Bank Of Canada reissued an "underperform" rating and set a GBX 6,100 target price on shares of Rio Tinto Group in a research note on Wednesday, July 29th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 8,700 target price on shares of Rio Tinto Group in a research note on Thursday, October 15th.

Rio Tinto Group Stock Performance

LON:RIO opened at GBX 6,241.99 on Friday. 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 firm has a market capitalization of £101.52 billion, a price-to-earnings ratio of 8.46, a PEG ratio of -0.64 and a beta of 0.66. The company's 50-day moving average is GBX 7,129.80 and its two-hundred day moving average is GBX 7,155.33. Rio Tinto Group has a 1-year low of GBX 5,159 and a 1-year high of GBX 8,325.

Rio Tinto Group Company Profile

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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