Rio Tinto Group (LON:RIO) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Rio Tinto Group has received a consensus rating of "Hold" from six analysts, with four recommending a hold and two a buy, and an average price target of GBX 5,325.
• Analyst ratings have varied, with JPMorgan lowering its target from GBX 5,570 to GBX 5,450, while other firms have maintained or adjusted their ratings around the GBX 4,700 to GBX 5,300 range.
• The stock opened at GBX 4,538.37, with a market cap of £95.23 billion and a one-year price range between GBX 4,024.50 and GBX 5,474.

Rio Tinto Group (LON:RIO - Get Free Report) has been assigned a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 5,325.

Several analysts have issued reports on the stock. Berenberg Bank reissued a "hold" rating and set a GBX 4,700 target price on shares of Rio Tinto Group in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Rio Tinto Group to a "hold" rating and cut their target price for the company from GBX 5,300 to GBX 5,100 in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of Rio Tinto Group from GBX 4,700 to GBX 4,900 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Rio Tinto Group from GBX 5,570 to GBX 5,450 and set an "overweight" rating on the stock in a research note on Thursday, July 31st.

Rio Tinto Group Price Performance

Shares of LON RIO traded up GBX 40 during trading on Monday, hitting GBX 4,531. The company had a trading volume of 1,145,645 shares, compared to its average volume of 5,541,687. The company has a market cap of £95.08 billion, a P/E ratio of 8.58, a PEG 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 5,474. The business's 50-day moving average is GBX 4,426.60 and its 200 day moving average is GBX 4,568.58. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70.

Rio Tinto Group Company Profile