Rio Tinto Group (LON:RIO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Rio Tinto Group (LON:RIO) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 6,261.43 ($84.75).

RIO has been the subject of several research reports. JPMorgan Chase & Co. reissued a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,200 ($83.92) price objective on shares of Rio Tinto Group in a research report on Wednesday, April 16th.

Rio Tinto Group Stock Performance

Shares of LON:RIO opened at GBX 4,355.50 ($58.95) on Wednesday. Rio Tinto Group has a 52 week low of GBX 4,024.50 ($54.47) and a 52 week high of GBX 5,474 ($74.09). The stock has a market capitalization of £91.39 billion, a P/E ratio of 8.25, a PEG ratio of -0.64 and a beta of 0.59. The firm has a fifty day simple moving average of GBX 4,460.23 and a two-hundred day simple moving average of GBX 4,727.50. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28.

About Rio Tinto Group