Rio Tinto Group (LON:RIO – Get Rating) had its price objective boosted by Deutsche Bank Aktiengesellschaft from GBX 5,700 ($67.40) to GBX 5,800 ($68.58) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.
Other equities analysts have also issued research reports about the stock. Citigroup restated a buy rating and set a GBX 6,000 ($70.95) price target on shares of Rio Tinto Group in a research report on Thursday, July 28th. UBS Group set a GBX 4,300 ($50.85) target price on shares of Rio Tinto Group in a research report on Tuesday, August 16th. Morgan Stanley decreased their target price on shares of Rio Tinto Group from GBX 5,990 ($70.83) to GBX 5,900 ($69.76) and set an overweight rating for the company in a research report on Tuesday, August 16th. Credit Suisse Group set a GBX 5,800 ($68.58) target price on shares of Rio Tinto Group in a research report on Wednesday, October 19th. Finally, The Goldman Sachs Group set a GBX 6,200 ($73.31) target price on shares of Rio Tinto Group in a research report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and an average price target of GBX 5,319.23 ($62.90).
Rio Tinto Group Stock Up 1.3 %
Rio Tinto Group stock opened at GBX 5,446 ($64.40) on Wednesday. The company has a 50-day simple moving average of GBX 4,929.24 and a 200-day simple moving average of GBX 5,030.96. The firm has a market capitalization of £88.26 billion and a P/E ratio of 582.03. The company has a debt-to-equity ratio of 22.52, a quick ratio of 1.34 and a current ratio of 1.79. Rio Tinto Group has a one year low of GBX 4,424.50 ($52.32) and a one year high of GBX 6,343 ($75.00).
About Rio Tinto Group
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.
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