Brokerages Set Rio Tinto Group (LON:RIO) Price Target at GBX 5,488.33

Shares of Rio Tinto Group (LON:RIO - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 5,488.33 ($73.76).

Several equities analysts recently issued reports on RIO shares. Royal Bank Of Canada reissued a "neutral" rating and issued a GBX 4,700 ($63.16) target price on shares of Rio Tinto Group in a research report on Tuesday, July 15th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Rio Tinto Group in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft cut their target price on Rio Tinto Group from GBX 5,500 ($73.91) to GBX 5,300 ($71.23) and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 4,700 ($63.16) target price on shares of Rio Tinto Group in a research report on Thursday, July 17th.

Rio Tinto Group Stock Down 0.3%

Shares of RIO traded down GBX 14.50 ($0.19) during midday trading on Thursday, hitting GBX 4,705 ($63.23). 3,551,682 shares of the company's stock traded hands, compared to its average volume of 5,838,556. Rio Tinto Group has a 1 year low of GBX 4,024.50 ($54.09) and a 1 year high of GBX 5,474 ($73.57). The firm's fifty day moving average is GBX 4,401.48 and its 200-day moving average is GBX 4,613.04. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. The stock has a market capitalization of £98.73 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59.

Rio Tinto Group Company Profile