Shares of Rio Tinto Group (LON:RIO - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,580.29 ($61.97) and traded as high as GBX 4,614.50 ($62.43). Rio Tinto Group shares last traded at GBX 4,576.23 ($61.92), with a volume of 1,185,702 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 4,700 ($63.59) target price on shares of Rio Tinto Group in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft lowered Rio Tinto Group to a "hold" rating and lowered their price target for the company from GBX 5,300 ($71.71) to GBX 5,100 ($69.00) in a report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their target price on Rio Tinto Group from GBX 5,570 ($75.36) to GBX 5,450 ($73.74) and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada increased their price objective on Rio Tinto Group from GBX 4,700 ($63.59) to GBX 4,900 ($66.30) and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Rio Tinto Group currently has an average rating of "Hold" and an average target price of GBX 5,325 ($72.05).
Read Our Latest Stock Report on Rio Tinto Group
Rio Tinto Group Price Performance
The company's fifty day moving average is GBX 4,416.08 and its two-hundred day moving average is GBX 4,578.51. The stock has a market cap of £95.23 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28.
Rio Tinto Group Company Profile
(
Get Free Report)
Read More
Before you consider Rio Tinto Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rio Tinto Group wasn't on the list.
While Rio Tinto Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access