Rio Tinto Group (LON:RIO) Given Average Rating of "Hold" by Analysts

Key Points

• Rio Tinto Group has received an average rating of "Hold" from six brokerages, with four recommending hold and two recommending buy.
• The average 1-year target price for Rio Tinto shares is GBX 5,325, with varied price targets from different analysts reflecting recent adjustments.
• The stock's current price is GBX 4,591.10, with a fifty-two week range of GBX 4,024.50 to GBX 5,474.

Rio Tinto Group (LON:RIO - Get Free Report) has earned an average recommendation of "Hold" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 5,325.

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Rio Tinto Group from GBX 5,570 to GBX 5,450 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 4,700 price target on shares of Rio Tinto Group in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft cut Rio Tinto Group to a "hold" rating and lowered their price target for the company from GBX 5,300 to GBX 5,100 in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price objective on Rio Tinto Group from GBX 4,700 to GBX 4,900 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th.

Rio Tinto Group Price Performance

Shares of LON:RIO traded down GBX 37.89 on Friday, hitting GBX 4,611.62. The company's stock had a trading volume of 2,781,560 shares, compared to its average volume of 5,222,801. The company has a 50-day simple moving average of GBX 4,568.13 and a 200 day simple moving average of GBX 4,519.09. Rio Tinto Group has a 1 year low of GBX 4,024.50 and a 1 year high of GBX 5,474. The company has a market capitalization of £74.93 billion, a PE ratio of 734.45, a PEG ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34.

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.