Shares of Rio Tinto Group (LON:RIO - Get Free Report) have earned an average rating of "Moderate Buy" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 6,261.43 ($83.06).
A number of equities research analysts have recently weighed in on RIO shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 6,200 ($82.25) price target on shares of Rio Tinto Group in a research note on Wednesday, April 16th. JPMorgan Chase & Co. reaffirmed a "not rated" rating on shares of Rio Tinto Group in a research note on Thursday, February 20th.
Get Our Latest Stock Analysis on RIO
Rio Tinto Group Stock Up 0.3%
Shares of RIO traded up GBX 13 ($0.17) during midday trading on Friday, reaching GBX 4,697 ($62.31). 31,609,063 shares of the stock were exchanged, compared to its average volume of 7,719,982. Rio Tinto Group has a 12-month low of GBX 4,024.50 ($53.39) and a 12-month high of GBX 5,854 ($77.66). The firm has a 50 day simple moving average of GBX 4,553.19 and a 200-day simple moving average of GBX 4,781.33. 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 company has a market cap of £98.56 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of -0.64 and a beta of 0.59.
Insider Activity
In related news, insider Ngaire Woods acquired 516 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of GBX 4,820 ($63.94) per share, with a total value of £24,871.20 ($32,994.43). Also, insider Peter Cunningham sold 621 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of GBX 5,076 ($67.34), for a total value of £31,521.96 ($41,817.41). 14.62% of the stock is currently owned by insiders.
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