Rio Tinto Group (LON:RIO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Rio Tinto Group (LON:RIO) have received a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 6,301.25 ($80.09).

RIO has been the topic of several research analyst reports. Barclays restated an “overweight” rating and issued a GBX 6,000 ($76.26) price target on shares of Rio Tinto Group in a research report on Tuesday, May 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,900 ($74.99) price target on shares of Rio Tinto Group in a report on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price objective on Rio Tinto Group from GBX 6,630 ($84.27) to GBX 6,610 ($84.01) and set an “overweight” rating on the stock in a report on Thursday, April 18th. Royal Bank of Canada cut their target price on Rio Tinto Group from GBX 6,100 ($77.53) to GBX 5,900 ($74.99) and set a “sector perform” rating for the company in a research note on Thursday, February 22nd. Finally, Bank of America reiterated a “buy” rating and set a GBX 7,700 ($97.86) price target on shares of Rio Tinto Group in a research note on Wednesday, April 17th.

Rio Tinto Group Price Performance

LON RIO opened at GBX 5,655 ($71.87) on Friday. The company has a market cap of £70.69 billion, a P/E ratio of 1,161.19, a P/E/G ratio of -0.64 and a beta of 0.63. Rio Tinto Group has a 1 year low of GBX 4,509.50 ($57.31) and a 1 year high of GBX 5,910 ($75.11). The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 25.47. The company has a fifty day simple moving average of GBX 5,335.21 and a 200 day simple moving average of GBX 5,389.97.

Rio Tinto Group Company Profile

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.