Rio Tinto Group (LON:RIO) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Rio Tinto received an average analyst rating of "Reduce" from seven brokerages, with one sell and six hold recommendations. The consensus 12-month price target is GBX 7,647.14.
• Several firms recently adjusted their views, including Jefferies reiterating a hold rating, while Berenberg, Deutsche Bank, Shore Capital, and JPMorgan each updated price targets or ratings. Overall, the recent research tone remains cautious.
• Rio Tinto stock opened at GBX 6,776, below the average analyst target, and the company currently has a market value of £110.19 billion with a P/E ratio of 11.14. The shares have traded between GBX 4,344.50 and GBX 8,325 over the past year.

Shares of Rio Tinto Group (LON:RIO - Get Free Report) have been assigned an average recommendation of "Reduce" from the seven research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 7,647.14.

RIO has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 8,500 target price on shares of Rio Tinto Group in a report on Tuesday, June 9th. Berenberg Bank lowered their price target on shares of Rio Tinto Group from GBX 8,200 to GBX 8,100 and set a "hold" rating for the company in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 7,400 price target on shares of Rio Tinto Group in a research report on Wednesday, July 1st. Shore Capital Group reduced their price objective on Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a "hold" rating on the stock in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. upgraded Rio Tinto Group to a "neutral" rating and lifted their price objective for the stock from GBX 7,200 to GBX 8,280 in a report on Tuesday, May 26th.

Rio Tinto Group Trading Up 0.0%

RIO stock opened at GBX 6,776 on Wednesday. The company has a market capitalization of £110.19 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65. Rio Tinto Group has a one year low of GBX 4,344.50 and a one year high of GBX 8,325. The company's 50 day moving average price is GBX 7,434.24 and its two-hundred day moving average price is GBX 7,108.28. The company has a debt-to-equity ratio of 37.79, a quick ratio of 1.34 and a current ratio of 1.44.

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. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries. We have more than 150 years of mining and processing experience guiding our work.

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