Rio Tinto Group (LON:RIO) Insider Sells £203.28 in Stock

Key Points

• Insider Peter Cunningham sold 4 shares of Rio Tinto Group stock on October 17, totaling £203.28, at an average price of GBX 5,082.
• Rio Tinto Group's stock experienced a 2.1% increase, reaching GBX 5,205, with a trading volume significantly above average.
• Analysts have issued mixed ratings, with target prices varying from GBX 4,900 to GBX 6,100, resulting in a consensus rating of "Hold" with an average target price of GBX 5,516.67.

Rio Tinto Group (LON:RIO - Get Free Report) insider Peter Cunningham sold 4 shares of the business's stock in a transaction on Friday, October 17th. The shares were sold at an average price of GBX 5,082, for a total transaction of £203.28.

Rio Tinto Group Trading Up 2.1%

Rio Tinto Group stock traded up GBX 108 during mid-day trading on Wednesday, reaching GBX 5,205. 6,455,474 shares of the company traded hands, compared to its average volume of 4,943,935. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34. The firm's 50 day moving average price is GBX 4,752.90 and its 200 day moving average price is GBX 4,545.99. The firm has a market capitalization of £84.57 billion, a price-to-earnings ratio of 8.29, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 52-week low of GBX 4,024.50 and a 52-week high of GBX 5,286.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Rio Tinto Group from GBX 6,170 to GBX 6,100 and set an "overweight" rating on the stock in a research report on Wednesday, October 15th. Royal Bank Of Canada upped their target price on shares of Rio Tinto Group from GBX 4,700 to GBX 4,900 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 5,200 target price on shares of Rio Tinto Group in a research report on Wednesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto Group to a "hold" rating and reduced their target price for the stock from GBX 5,300 to GBX 5,100 in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of GBX 5,516.67.

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.

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