Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat.com reports. They currently have a GBX 6,200 ($82.97) price target on the stock. Berenberg Bank's price target would indicate a potential upside of 38.80% from the stock's current price.
Separately, JPMorgan Chase & Co. reaffirmed a "not rated" rating on shares of Rio Tinto Group in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 6,228.75 ($83.35).
Read Our Latest Analysis on RIO
Rio Tinto Group Stock Up 1.6 %
Rio Tinto Group stock traded up GBX 69 ($0.92) during mid-day trading on Wednesday, hitting GBX 4,467 ($59.78). The company had a trading volume of 4,096,580 shares, compared to its average volume of 8,290,347. Rio Tinto Group has a 12 month low of GBX 4,024.50 ($53.85) and a 12 month high of GBX 5,854 ($78.34). The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The stock's 50 day moving average price is GBX 4,690.67 and its two-hundred day moving average price is GBX 4,854.59. The company has a market capitalization of £93.73 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.
Insider Activity at Rio Tinto Group
In related news, insider Peter Cunningham sold 621 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($67.92), for a total value of £31,521.96 ($42,181.13). Also, insider Ngaire Woods bought 516 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of GBX 4,820 ($64.50) per share, for a total transaction of £24,871.20 ($33,281.41). 14.62% of the stock is owned by company insiders.
Rio Tinto Group Company Profile
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