S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
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S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
pixel
pixel
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
pixel
pixel
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
pixel
pixel

Rio Tinto Group (LON:RIO) PT Lowered to GBX 4,200

Last updated on Friday, October 22, 2021 | 2021 MarketBeat

Rio Tinto Group (LON:RIO) had its price objective dropped by investment analysts at Barclays from GBX 4,900 ($64.02) to GBX 4,200 ($54.87) in a research note issued on Friday, Analyst Price Targets reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective points to a potential downside of 11.26% from the stock's current price.

Several other equities research analysts have also weighed in on RIO. Morgan Stanley set a GBX 5,010 ($65.46) target price on Rio Tinto Group in a research report on Wednesday, September 29th. Royal Bank of Canada set a GBX 4,200 ($54.87) price target on Rio Tinto Group in a research report on Tuesday. The Goldman Sachs Group set a GBX 5,310 ($69.38) price target on Rio Tinto Group in a research report on Thursday. Berenberg Bank set a GBX 5,000 ($65.33) price target on Rio Tinto Group in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 6,000 ($78.39) price target on shares of Rio Tinto Group in a research report on Thursday, October 14th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 5,240 ($68.46).

Shares of Rio Tinto Group stock opened at GBX 4,732.70 ($61.83) on Friday. The company has a debt-to-equity ratio of 23.22, a current ratio of 2.13 and a quick ratio of 1.77. The stock has a market capitalization of £76.63 billion and a price-to-earnings ratio of 5.57. The business has a 50-day moving average of GBX 5,192.71 and a 200 day moving average of GBX 5,740.26. Rio Tinto Group has a 12 month low of GBX 4,252.50 ($55.56) and a 12 month high of GBX 6,876.26 ($89.84).

In related news, insider Peter Cunningham sold 5 shares of Rio Tinto Group stock in a transaction that occurred on Tuesday, October 19th. The stock was sold at an average price of GBX 5,055 ($66.04), for a total value of £252.75 ($330.22). Also, insider Ngaire Woods purchased 397 shares of the firm's stock in a transaction that occurred on Wednesday, September 22nd. The stock was acquired at an average price of GBX 4,810 ($62.84) per share, for a total transaction of £19,095.70 ($24,948.65).

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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