Rio Tinto Group (LON:RIO) Given “Not Rated” Rating at JPMorgan Chase & Co.

Rio Tinto Group (LON:RIO)‘s stock had its “not rated” rating reissued by analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, MarketBeat.com reports.

RIO has been the topic of several other reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,300 ($79.28) price target on shares of Rio Tinto Group in a research report on Thursday. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($80.53) target price on shares of Rio Tinto Group in a report on Friday, December 6th. Finally, Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Rio Tinto Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,241.25 ($78.54).

Rio Tinto Group Stock Performance

Rio Tinto Group stock traded up GBX 26 ($0.33) during trading hours on Thursday, hitting GBX 5,062 ($63.70). 2,008,439 shares of the stock traded hands, compared to its average volume of 2,645,224. The stock has a market capitalization of £106.22 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of -0.64 and a beta of 0.59. The firm’s 50 day moving average price is GBX 4,866.32 and its 200-day moving average price is GBX 4,909.55. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34. Rio Tinto Group has a 1 year low of GBX 4,509 ($56.74) and a 1 year high of GBX 5,854 ($73.66).

Insider Transactions at Rio Tinto Group

In other news, insider Jakob Stausholm sold 6,489 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 4,988 ($62.77), for a total transaction of £323,671.32 ($407,287.43). Company insiders own 14.62% of the company’s stock.

About Rio Tinto Group