Rio Tinto Group (LON:RIO) Given Overweight Rating at JPMorgan Chase & Co.

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, MarketBeat reports.

A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada dropped their price objective on Rio Tinto Group from GBX 6,100 ($77.21) to GBX 5,900 ($74.67) and set a "sector perform" rating for the company in a report on Thursday, February 22nd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 6,200 ($78.47) target price on shares of Rio Tinto Group in a research report on Monday, February 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Rio Tinto Group has a consensus rating of "Moderate Buy" and a consensus target price of GBX 6,262.86 ($79.27).

Rio Tinto Group Trading Up 1.3 %

RIO traded up GBX 67 ($0.85) during trading hours on Tuesday, reaching GBX 5,251 ($66.46). 2,271,994 shares of the company's stock traded hands, compared to its average volume of 2,985,997. The firm has a 50-day moving average price of GBX 5,129.15 and a 200 day moving average price of GBX 5,305.33. Rio Tinto Group has a 52-week low of GBX 4,509.50 ($57.08) and a 52-week high of GBX 5,910 ($74.80). The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 25.47. The firm has a market capitalization of £65.64 billion, a PE ratio of 1,078.23, a PEG ratio of -0.64 and a beta of 0.65.

Insider Transactions at Rio Tinto Group

In other news, insider Peter Cunningham sold 3,939 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of GBX 5,216 ($66.02), for a total value of £205,458.24 ($260,040.80). Corporate insiders own 14.71% of the company's stock.

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.