Rio Tinto Group's (RIO) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "overweight" rating reiterated by JPMorgan Chase & Co. in a research note issued on Thursday, Marketbeat reports.

A number of other equities analysts also recently issued reports on RIO. Berenberg Bank downgraded shares of Rio Tinto Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from GBX 6,200 ($83.22) to GBX 4,700 ($63.09) in a research note on Wednesday, July 2nd. Royal Bank Of Canada reissued a "neutral" rating and issued a GBX 4,700 ($63.09) price target on shares of Rio Tinto Group in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Rio Tinto Group from GBX 5,500 ($73.83) to GBX 5,300 ($71.14) and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 5,488.33 ($73.67).

Rio Tinto Group Trading Up 1.3%

Shares of LON:RIO traded up GBX 55.93 ($0.75) during midday trading on Thursday, hitting GBX 4,485.43 ($60.21). 2,439,424 shares of the stock traded hands, compared to its average volume of 5,944,039. The stock has a market capitalization of £94.12 billion, a PE ratio of 8.49, a P/E/G ratio of -0.64 and a beta of 0.59. The business's 50 day moving average is GBX 4,400.57 and its two-hundred day moving average is GBX 4,616.09. 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 one year low of GBX 4,024.50 ($54.02) and a one year high of GBX 5,474 ($73.48).

About Rio Tinto Group