Shares of Rio Tinto Group (LON:RIO - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 6,261.43 ($83.33).
Several research firms have recently issued reports on RIO. JPMorgan Chase & Co. reaffirmed a "not rated" rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Berenberg Bank restated a "buy" rating and issued a GBX 6,200 ($82.51) price target on shares of Rio Tinto Group in a research report on Wednesday, April 16th.
Get Our Latest Stock Analysis on RIO
Insider Activity
In other news, insider Peter Cunningham sold 621 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($67.55), for a total value of £31,521.96 ($41,950.97). Also, insider Ngaire Woods purchased 516 shares of Rio Tinto Group stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of GBX 4,820 ($64.15) per share, for a total transaction of £24,871.20 ($33,099.81). Insiders own 14.62% of the company's stock.
Rio Tinto Group Trading Up 0.8%
RIO traded up GBX 37.50 ($0.50) on Friday, hitting GBX 4,699.50 ($62.54). The company had a trading volume of 1,662,753 shares, compared to its average volume of 7,516,240. The business's fifty day simple moving average is GBX 4,557.39 and its 200 day simple moving average is GBX 4,784.08. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. Rio Tinto Group has a 12-month low of GBX 4,024.50 ($53.56) and a 12-month high of GBX 5,854 ($77.91). The company has a market cap of £98.61 billion, a PE ratio of 8.90, a PEG ratio of -0.64 and a beta of 0.59.
About Rio Tinto Group
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