Rio Tinto Group (LON:RIO) Receives "Hold" Rating from Berenberg Bank

Rio Tinto Group (LON:RIO - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 4,700 ($63.04) target price on the stock. Berenberg Bank's price target points to a potential upside of 1.89% from the stock's previous close.

Several other research firms have also weighed in on RIO. Deutsche Bank Aktiengesellschaft reduced their target price on Rio Tinto Group from GBX 5,500 ($73.78) to GBX 5,300 ($71.09) and set a "buy" rating for the company in a report on Wednesday, July 2nd. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Rio Tinto Group in a research note on Thursday. Finally, Royal Bank Of Canada restated a "neutral" rating and issued a GBX 4,700 ($63.04) price target on shares of Rio Tinto Group in a report on Tuesday, July 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 5,488.33 ($73.62).

Rio Tinto Group Trading Up 2.8%

RIO traded up GBX 127.38 ($1.71) during trading on Thursday, reaching GBX 4,612.82 ($61.88). The company had a trading volume of 100,430,016 shares, compared to its average volume of 6,623,793. 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 has a 12-month low of GBX 4,024.50 ($53.98) and a 12-month high of GBX 5,474 ($73.43). The firm's 50-day simple moving average is GBX 4,400.35 and its 200 day simple moving average is GBX 4,612.64. The company has a market cap of £96.79 billion, a price-to-earnings ratio of 8.73, a PEG ratio of -0.64 and a beta of 0.59.

About Rio Tinto Group