Rio Tinto Group (LON:RIO) Price Target Cut to GBX 5,300 by Analysts at Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO - Free Report) had its price target reduced by Deutsche Bank Aktiengesellschaft from GBX 5,500 ($75.09) to GBX 5,300 ($72.35) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 6,200 ($84.64) target price on shares of Rio Tinto Group in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Rio Tinto Group currently has a consensus rating of "Hold" and an average price target of GBX 5,655 ($77.20).

Rio Tinto Group Stock Down 1.0%

Shares of LON:RIO traded down GBX 42.84 ($0.58) during mid-day trading on Wednesday, hitting GBX 4,338.16 ($59.22). 2,906,959 shares of the company traded hands, compared to its average volume of 6,249,417. The stock has a market cap of £91.03 billion, a P/E ratio of 8.21, a P/E/G 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 12-month low of GBX 4,024.50 ($54.94) and a 12-month high of GBX 5,474 ($74.73). The stock has a 50-day moving average price of GBX 4,430.09 and a two-hundred day moving average price of GBX 4,643.03.

Rio Tinto Group Company Profile