Rio Tinto Group's (RIO) Hold Rating Reiterated at Berenberg Bank

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "hold" rating reissued by Berenberg Bank in a research note issued on Thursday,Digital Look reports. They currently have a GBX 4,700 ($63.11) price objective on the stock. Berenberg Bank's price target indicates a potential upside of 5.32% from the stock's previous close.

Several other research firms have also issued reports on RIO. Royal Bank Of Canada reissued a "neutral" rating and issued a GBX 4,700 ($63.11) price target on shares of Rio Tinto Group in a research report on Tuesday. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Rio Tinto Group in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Rio Tinto Group from GBX 5,500 ($73.86) to GBX 5,300 ($71.17) and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Rio Tinto Group currently has an average rating of "Moderate Buy" and a consensus target price of GBX 5,488.33 ($73.70).

Rio Tinto Group Stock Performance

RIO traded up GBX 33.26 ($0.45) during trading on Thursday, reaching GBX 4,462.76 ($59.93). 107,894,563 shares of the company's stock were exchanged, compared to its average volume of 6,708,206. Rio Tinto Group has a fifty-two week low of GBX 4,024.50 ($54.04) and a fifty-two week high of GBX 5,474 ($73.51). The company has a market capitalization of £93.64 billion, a P/E ratio of 8.45, a PEG ratio of -0.64 and a beta of 0.59. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The business has a 50 day moving average price of GBX 4,400.57 and a 200 day moving average price of GBX 4,616.09.

About Rio Tinto Group

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.