Rio Tinto Group (LON:RIO) Stock Rating Reaffirmed by Citigroup

Rio Tinto Group (LON:RIOGet Free Report)‘s stock had its “neutral” rating restated by equities researchers at Citigroup in a research note issued to investors on Monday, Marketbeat.com reports.

Other equities analysts have also issued reports about the company. Royal Bank of Canada decreased their price objective on Rio Tinto Group from GBX 6,100 ($77.51) to GBX 5,900 ($74.97) and set a “sector perform” rating for the company in a report on Thursday, February 22nd. Barclays reissued an “overweight” rating and issued a GBX 6,000 ($76.24) price objective on shares of Rio Tinto Group in a report on Tuesday, May 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 5,900 ($74.97) price objective on shares of Rio Tinto Group in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 6,000 ($76.24) price objective on shares of Rio Tinto Group in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. decreased their price objective on Rio Tinto Group from GBX 6,630 ($84.24) to GBX 6,610 ($83.99) and set an “overweight” rating for the company in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,326.25 ($80.38).

Check Out Our Latest Report on Rio Tinto Group

Rio Tinto Group Stock Up 0.5 %

LON:RIO opened at GBX 5,208 ($66.18) on Monday. The firm has a market capitalization of £65.10 billion, a PE ratio of 1,085.00, a price-to-earnings-growth ratio of -0.64 and a beta of 0.63. The stock has a 50 day moving average of GBX 5,450.76 and a 200-day moving average of GBX 5,384.66. Rio Tinto Group has a 52 week low of GBX 4,509.50 ($57.30) and a 52 week high of GBX 5,910 ($75.10). The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 25.47.

Rio Tinto Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Rio Tinto Group (LON:RIO)

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