Shares of Rio Tinto Group (LON:RIO - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,542.32 ($61.35) and traded as high as GBX 4,619.50 ($62.39). Rio Tinto Group shares last traded at GBX 4,581.50 ($61.88), with a volume of 1,561,256 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada lifted 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 report on Wednesday, July 30th. Berenberg Bank reissued a "hold" rating and set a GBX 4,700 price target on shares of Rio Tinto Group in a research report on Friday, August 1st. JPMorgan Chase & Co. reduced their price target on shares of Rio Tinto Group from GBX 5,570 to GBX 5,450 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of 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. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 5,325.
View Our Latest Analysis on Rio Tinto Group
Rio Tinto Group Stock Performance
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 firm has a market cap of £76.14 billion, a P/E ratio of 746.39, a P/E/G ratio of -0.64 and a beta of 0.59. The business's 50-day simple moving average is GBX 4,516.25 and its 200 day simple moving average is GBX 4,536.87.
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