Rio Tinto Group (LON:RIO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Rio Tinto Group (LON:RIO) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 6,241.25 ($80.80).

Several research analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($82.86) price target on shares of Rio Tinto Group in a research report on Friday, December 6th. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a report on Thursday, February 20th. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a report on Friday, December 6th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 6,300 ($81.56) price objective on shares of Rio Tinto Group in a research note on Thursday, February 20th.

Rio Tinto Group Stock Up 0.5 %

Rio Tinto Group stock opened at GBX 4,837.19 ($62.63) on Friday. 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 stock has a market cap of £101.50 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of -0.64 and a beta of 0.59. The stock has a fifty day moving average of GBX 4,907.65 and a 200 day moving average of GBX 4,901.99. Rio Tinto Group has a one year low of GBX 4,509 ($58.38) and a one year high of GBX 5,854 ($75.79).

Insider Buying and Selling

In other Rio Tinto Group news, insider Peter Cunningham sold 621 shares of Rio Tinto Group stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($65.72), for a total value of £31,521.96 ($40,810.41). Also, insider Ngaire Woods purchased 516 shares of Rio Tinto Group stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of GBX 4,820 ($62.40) per share, for a total transaction of £24,871.20 ($32,199.90). 14.62% of the stock is currently owned by insiders.

About Rio Tinto Group