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Brokerages Set Rio Tinto Group (LON:RIO) PT at GBX 5,325

Rio Tinto Group logo with Basic Materials background

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.
  • Five stocks to consider instead of Rio Tinto Group.

Rio Tinto Group (LON:RIO - Get Free Report) has received an average recommendation of "Hold" from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 5,325.

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

View Our Latest Research Report on RIO

Rio Tinto Group Stock Up 1.5%

RIO stock traded up GBX 70 during mid-day trading on Monday, reaching GBX 4,601. The company had a trading volume of 1,772,841 shares, compared to its average volume of 5,518,281. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The company has a market capitalization of £96.55 billion, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The firm has a fifty day simple moving average of GBX 4,437.42 and a 200 day simple moving average of GBX 4,564.62. Rio Tinto Group has a fifty-two week low of GBX 4,024.50 and a fifty-two week high of GBX 5,474.

Rio Tinto Group Company Profile

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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