Rio Tinto Group (LON:RIO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Rio Tinto Group (LON:RIO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 6,261.43 ($84.71).

Several analysts have recently commented on RIO shares. Berenberg Bank reissued a "buy" rating and issued a GBX 6,200 ($83.87) price target on shares of Rio Tinto Group in a report on Wednesday, April 16th. JPMorgan Chase & Co. reissued a "not rated" rating on shares of Rio Tinto Group in a report on Thursday, February 20th.

Rio Tinto Group Stock Performance

Rio Tinto Group stock traded down GBX 35.50 ($0.48) during mid-day trading on Wednesday, reaching GBX 4,355.50 ($58.92). 4,284,930 shares of the company were exchanged, compared to its average volume of 6,827,947. Rio Tinto Group has a twelve month low of GBX 4,024.50 ($54.44) and a twelve month high of GBX 5,474 ($74.05). The firm's 50-day simple moving average is GBX 4,460.23 and its two-hundred day simple moving average is GBX 4,728.46. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The firm has a market cap of £91.39 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

About Rio Tinto Group