Rio Tinto Group (LON:RIO) Insider Sells £323,671.32 in Stock

Rio Tinto Group (LON:RIO) insider Jakob Stausholm sold 6,489 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.59), for a total value of £323,671.32 ($412,635.54).

Rio Tinto Group Trading Down 0.8 %

LON:RIO opened at GBX 4,924 ($62.77) on Friday. The company has a debt-to-equity ratio of 25.01, a current ratio of 1.70 and a quick ratio of 1.34. Rio Tinto Group has a one year low of GBX 4,509 ($57.48) and a one year high of GBX 5,910 ($75.34). The company has a market cap of £61.55 billion, a PE ratio of 976.98, a PEG ratio of -0.64 and a beta of 0.59. The firm has a 50-day moving average of GBX 5,022.32 and a 200-day moving average of GBX 5,089.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RIO. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($81.59) price objective on shares of Rio Tinto Group in a research note on Friday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Rio Tinto Group from GBX 6,200 ($79.04) to GBX 6,000 ($76.49) and set a “buy” rating for the company in a research note on Monday, September 9th. Berenberg Bank reissued a “buy” rating and set a GBX 6,200 ($79.04) price objective on shares of Rio Tinto Group in a research report on Tuesday, October 15th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 6,228.75 ($79.41).

About Rio Tinto Group

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.