Brokerages Set Rio Tinto Group (LON:RIO) Price Target at GBX 6,021.67

Rio Tinto Group (LON:RIO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 6,021.67 ($82.64).

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 6,200 ($85.08) target price on shares of Rio Tinto Group in a research report on Wednesday, April 16th.

Rio Tinto Group Stock Up 0.7%

Shares of RIO stock traded up GBX 30.98 ($0.43) during trading hours on Friday, hitting GBX 4,298.48 ($58.99). 1,710,219 shares of the company were exchanged, compared to its average volume of 6,364,994. The stock has a market capitalization of £90.20 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a one year low of GBX 4,024.50 ($55.23) and a one year high of GBX 5,474 ($75.12). The business's 50-day simple moving average is GBX 4,442.86 and its two-hundred day simple moving average is GBX 4,655.11. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70.

About Rio Tinto Group