Rio Tinto Group (LON:RIO) Given a GBX 6,910 Price Target by The Goldman Sachs Group Analysts

Rio Tinto Group (LON:RIO) has been assigned a GBX 6,910 ($90.28) target price by The Goldman Sachs Group in a note issued to investors on Wednesday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective suggests a potential upside of 32.78% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Morgan Stanley reiterated a “neutral” rating and issued a GBX 6,600 ($86.23) price objective on shares of Rio Tinto Group in a report on Wednesday, June 23rd. Royal Bank of Canada dropped their price objective on shares of Rio Tinto Group from GBX 5,800 ($75.78) to GBX 5,600 ($73.16) and set a “sector perform” rating on the stock in a research report on Wednesday, August 11th. UBS Group set a GBX 5,000 ($65.33) price target on Rio Tinto Group in a report on Thursday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Rio Tinto Group from GBX 7,770 ($101.52) to GBX 7,210 ($94.20) and set an “overweight” rating on the stock in a research report on Monday. Finally, Berenberg Bank set a GBX 6,900 ($90.15) price target on shares of Rio Tinto Group in a report on Monday, September 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 5,986.15 ($78.21).

Shares of RIO stock opened at GBX 5,204 ($67.99) on Wednesday. The company has a debt-to-equity ratio of 23.22, a quick ratio of 1.77 and a current ratio of 2.13. Rio Tinto Group has a 52 week low of GBX 4,252.50 ($55.56) and a 52 week high of GBX 6,876.26 ($89.84). The company has a market capitalization of £84.26 billion and a P/E ratio of 6.25. The company’s 50 day moving average price is GBX 5,724.61 and its two-hundred day moving average price is GBX 5,874.34.

In other Rio Tinto Group news, insider Peter Cunningham sold 5 shares of the firm’s stock in a transaction on Tuesday, July 20th. The shares were sold at an average price of GBX 5,782 ($75.54), for a total value of £289.10 ($377.71).

Rio Tinto Group Company Profile

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 uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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