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Rio Tinto Group (RIO) Stock Forecast & Price Target

GBX 5,071
0.00 (0.00%)
(As of 12:18 PM ET)

Rio Tinto Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for Rio Tinto Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, and 4 have given a buy rating for RIO.

Consensus Price Target

GBX 6,300
High ForecastGBX 7,700
Average ForecastGBX 6,300
Low ForecastGBX 5,500

According to the 7 analysts' twelve-month price targets for Rio Tinto Group, the average price target is GBX 6,300. The highest price target for RIO is GBX 7,700, while the lowest price target for RIO is GBX 5,500. The average price target represents a forecasted upside of 24.24% from the current price of GBX 5,071.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
3 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetGBX 6,300GBX 6,301.25GBX 6,351.25GBX 6,185
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RIO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RIO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Rio Tinto Group Stock vs. The Competition

TypeRio Tinto GroupBasic Materials Companies
Consensus Rating Score
2.57
2.63
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024JPMorgan Chase & Co.
3 of 5 stars
 Reiterated RatingOverweightGBX 6,500+27.80%
6/26/2024Berenberg Bank
2 of 5 stars
 DowngradeBuy ➝ HoldGBX 5,900 ➝ GBX 5,800+12.06%
6/26/2024Bank of America
4 of 5 stars
 Reiterated RatingBuyGBX 7,700+45.20%
6/18/2024Deutsche Bank Aktiengesellschaft
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 Reiterated RatingBuyGBX 6,200+19.67%
6/17/2024Citigroup
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 Reiterated RatingNeutral
5/7/2024Barclays
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 Reiterated RatingOverweightGBX 6,000+7.30%
2/22/2024Royal Bank of Canada
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 Lower TargetSector PerformGBX 6,100 ➝ GBX 5,900+14.12%
8/2/2023Morgan Stanley
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 Lower TargetGBX 5,550 ➝ GBX 5,500+10.42%
7/24/2023Credit Suisse Group
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 Lower TargetGBX 7,400 ➝ GBX 6,800+31.10%
2/22/2023UBS Group
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Myles Allsop
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Set TargetGBX 5,000-17.98%
2/22/2023Jefferies Financial Group
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Christopher LaFemina
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Set TargetGBX 7,500+23.03%
11/8/2022The Goldman Sachs Group
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Geydar Mamedov
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Set TargetGBX 6,200+21.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:06 PM ET.

RIO Forecast - Frequently Asked Questions

What is Rio Tinto Group's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Rio Tinto Group is GBX 6,300, with a high forecast of GBX 7,700 and a low forecast of GBX 5,500.

Should I buy or sell Rio Tinto Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rio Tinto Group in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RIO shares.

Does Rio Tinto Group's stock price have much upside?

According to analysts, Rio Tinto Group's stock has a predicted upside of 20.52% based on their 12-month stock forecasts.

Has Rio Tinto Group been downgraded by Wall Street analysts recently?

Over the previous 90 days, Rio Tinto Group's stock had 1 downgrade by analysts.

What analysts cover Rio Tinto Group?

Rio Tinto Group has been rated by research analysts at Bank of America, Barclays, Berenberg Bank, Citigroup, Deutsche Bank Aktiengesellschaft, and JPMorgan Chase & Co. in the past 90 days.

Do Wall Street analysts like Rio Tinto Group more than its competitors?

Analysts like Rio Tinto Group less than other "basic materials" companies. The consensus rating score for Rio Tinto Group is 2.57 while the average consensus rating score for "basic materials" companies is 2.63. Learn more on how RIO compares to other companies.


This page (LON:RIO) was last updated on 7/17/2024 by MarketBeat.com Staff

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