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

Key Points

• Rio Tinto has a consensus “Hold” rating from seven analysts: five holds, one sell, and one buy. The average 12-month price target is GBX 7,707.14, above the stock’s opening price of GBX 7,059.
• Recent analyst actions were mixed: Berenberg upgraded the shares to “Buy” and raised its target to GBX 8,600, while JPMorgan, Shore Capital, and others maintained neutral or hold views with target-price reductions.
• Rio Tinto has a market capitalization of approximately £114.8 billion, a P/E ratio of 9.56, and shares trading between a one-year range of GBX 4,436.50 and GBX 8,325. Insider ownership is minimal at 0.10%.

Rio Tinto Group (LON:RIO - Get Free Report) has been given an average rating of "Hold" by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 7,707.14.

A number of equities analysts have weighed in on RIO shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 7,400 price target on shares of Rio Tinto Group in a report on Thursday, July 30th. JPMorgan Chase & Co. dropped their price objective on Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a "neutral" rating for the company in a report on Tuesday, July 28th. Shore Capital Group cut their target price on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a "hold" rating on the stock in a research report on Tuesday, June 2nd. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 8,500 target price on shares of Rio Tinto Group in a report on Tuesday, June 9th. Finally, Berenberg Bank raised Rio Tinto Group from a "hold" rating to a "buy" rating and boosted their price target for the company from GBX 8,100 to GBX 8,600 in a research report on Thursday, July 30th.

Insider Activity at Rio Tinto Group

In other news, insider Peter Cunningham sold 4 shares of Rio Tinto Group stock in a transaction dated Friday, July 17th. The stock was sold at an average price of GBX 6,640, for a total value of £265.60. 0.10% of the stock is currently owned by company insiders.

Rio Tinto Group Stock Performance

Shares of RIO stock opened at GBX 7,059 on Friday. Rio Tinto Group has a one year low of GBX 4,436.50 and a one year high of GBX 8,325. The company has a debt-to-equity ratio of 34.91, a quick ratio of 1.34 and a current ratio of 1.42. The company has a 50 day moving average price of GBX 7,177.63 and a 200 day moving average price of GBX 7,217.03. The firm has a market capitalization of £114.80 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of -0.64 and a beta of 0.66.

Rio Tinto Group Company Profile

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries. We have more than 150 years of mining and processing experience guiding our work.

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