Rio Tinto Group (LON:RIO) Given New GBX 4,900 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Rio Tinto Group's price target from GBX 4,700 to GBX 4,900, indicating a potential upside of 10.87% from the current stock price.
• Despite the upgrade, other analysts like JPMorgan and Deutsche Bank have lowered their price targets, reflecting a range of opinions with a consensus rating of "Moderate Buy" among analysts.
• Rio Tinto Group's stock has experienced volatility, with a 12-month high of GBX 5,474 and a low of GBX 4,024.50, demonstrating significant market fluctuations.

Rio Tinto Group (LON:RIO - Get Free Report) had its target price boosted by Royal Bank Of Canada from GBX 4,700 ($62.49) to GBX 4,900 ($65.15) in a report released on Wednesday, July 30th, MarketBeat Ratings reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 9.07% from the company's current price.

Several other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Rio Tinto Group from GBX 5,500 ($73.13) to GBX 5,300 ($70.47) and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Berenberg Bank reiterated a "hold" rating and issued a GBX 4,700 ($62.49) price target on shares of Rio Tinto Group in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Rio Tinto Group from GBX 5,570 ($74.06) to GBX 5,450 ($72.46) and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of GBX 5,325 ($70.80).

Rio Tinto Group Stock Up 0.1%

Shares of RIO stock opened at GBX 4,492.51 ($59.73) on Wednesday. The stock has a market cap of £94.27 billion, a P/E ratio of 8.51, a PEG ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a 52 week low of GBX 4,024.50 ($53.51) and a 52 week high of GBX 5,474 ($72.78). 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 company's fifty day simple moving average is GBX 4,393.36 and its two-hundred day simple moving average is GBX 4,595.86.

About Rio Tinto Group