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

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "overweight" rating reissued by analysts at JPMorgan Chase & Co. in a report issued on Thursday, MarketBeat Ratings reports.

A number of other equities research analysts also recently weighed in on RIO. Royal Bank Of Canada reissued a "neutral" rating and issued a GBX 4,700 ($63.04) price target on shares of Rio Tinto Group in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Rio Tinto Group from GBX 5,500 ($73.78) to GBX 5,300 ($71.09) and set a "buy" rating for the company in a report on Wednesday, July 2nd. Finally, Berenberg Bank downgraded shares of Rio Tinto Group from a "buy" rating to a "hold" rating and cut their price target for the company from GBX 6,200 ($83.17) to GBX 4,700 ($63.04) in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,488.33 ($73.62).

Rio Tinto Group Price Performance

RIO traded up GBX 55.93 ($0.75) on Thursday, reaching GBX 4,485.43 ($60.17). The company had a trading volume of 2,439,424 shares, compared to its average volume of 5,944,039. The company has a fifty day moving average of GBX 4,400.35 and a 200-day moving average of GBX 4,613.69. The company has a market capitalization of £94.12 billion, a P/E ratio of 8.49, a PEG ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28. Rio Tinto Group has a one year low of GBX 4,024.50 ($53.98) and a one year high of GBX 5,474 ($73.43).

About Rio Tinto Group