Rio Tinto Group (LON:RIO - Get Free Report) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 5,100 ($67.69) price objective on the stock, down from their prior price objective of GBX 5,300 ($70.35). Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 13.79% from the company's previous close.
A number of other equities research analysts have also issued reports on the company. Berenberg Bank restated a "hold" rating and issued a GBX 4,700 ($62.38) price target on shares of Rio Tinto Group in a research report on Thursday, July 17th. Royal Bank Of Canada lifted their price target on Rio Tinto Group from GBX 4,700 ($62.38) to GBX 4,900 ($65.04) and gave the stock a "sector perform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Rio Tinto Group from GBX 5,570 ($73.93) to GBX 5,450 ($72.34) and set an "overweight" rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Rio Tinto Group has a consensus rating of "Hold" and an average price target of GBX 5,325 ($70.68).
Read Our Latest Report on Rio Tinto Group
Rio Tinto Group Price Performance
Shares of Rio Tinto Group stock traded down GBX 21.39 ($0.28) during mid-day trading on Wednesday, reaching GBX 4,482.11 ($59.49). 2,294,416 shares of the stock traded hands, compared to its average volume of 5,730,252. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The business has a 50-day moving average of GBX 4,395.67 and a 200 day moving average of GBX 4,602.73. The stock has a market capitalization of £94.05 billion, a PE ratio of 8.49, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a fifty-two week low of GBX 4,024.50 ($53.42) and a fifty-two week high of GBX 5,474 ($72.66).
Rio Tinto Group Company Profile
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