Brokerages Set Rio Tinto Group (LON:RIO) Target Price at GBX 6,261.43

Rio Tinto Group (LON:RIO - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 6,261.43 ($84.85).

RIO has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed a "not rated" rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Berenberg Bank reissued a "buy" rating and issued a GBX 6,200 ($84.02) target price on shares of Rio Tinto Group in a research note on Wednesday, April 16th.

Rio Tinto Group Trading Up 1.2%

Rio Tinto Group stock traded up GBX 50 ($0.68) during mid-day trading on Wednesday, hitting GBX 4,391 ($59.51). 2,957,711 shares of the company's stock were exchanged, compared to its average volume of 6,855,103. The company's 50 day simple moving average is GBX 4,470.12 and its 200-day simple moving average is GBX 4,733.98. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The firm has a market capitalization of £92.14 billion, a P/E ratio of 8.31, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a fifty-two week low of GBX 4,024.50 ($54.54) and a fifty-two week high of GBX 5,474 ($74.18).

Rio Tinto Group Company Profile