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

Berenberg Bank reissued their buy rating on shares of Rio Tinto Group (LON:RIO) in a research report report published on Thursday morning, Marketbeat.com reports. They currently have a GBX 6,300 ($79.83) target price on the stock.

Other equities analysts also recently issued research reports about the company. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,400 ($81.09) target price on shares of Rio Tinto Group in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,241.25 ($79.08).

Rio Tinto Group Stock Performance

LON RIO opened at GBX 5,108 ($64.72) on Thursday. The company has a market cap of £107.18 billion, a P/E ratio of 9.67, a P/E/G ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The business’s 50 day moving average price is GBX 4,867.56 and its 200-day moving average price is GBX 4,910.36. Rio Tinto Group has a fifty-two week low of GBX 4,509 ($57.13) and a fifty-two week high of GBX 5,854 ($74.18).

Insider Activity at Rio Tinto Group

In other Rio Tinto Group 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 ($63.20), for a total value of £323,671.32 ($410,125.85). 14.62% of the stock is owned by company insiders.

Rio Tinto Group Company Profile