Rio Tinto Group (LON:RIO) Insider Peter Cunningham Sells 3,108 Shares

Rio Tinto Group (LON:RIO) insider Peter Cunningham sold 3,108 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of GBX 5,464, for a total value of £169,821.12.

Peter Cunningham also recently made the following trade(s):

• On Friday, October 17th, Peter Cunningham sold 4 shares of Rio Tinto Group stock. The stock was sold at an average price of GBX 5,082, for a total transaction of £203.28.

Rio Tinto Group Stock Down 0.5%

RIO traded down GBX 28 on Thursday, reaching GBX 5,476. 96,785,031 shares of the company traded hands, compared to its average volume of 10,351,074. The company has a market cap of £88.97 billion, a price-to-earnings ratio of 8.72, a PEG ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.70 and a quick ratio of 1.34. The stock’s 50 day moving average price is GBX 5,227.10 and its 200-day moving average price is GBX 4,745.96. Rio Tinto Group has a 52-week low of GBX 4,024.50 and a 52-week high of GBX 5,662.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price target on shares of Rio Tinto Group from GBX 5,000 to GBX 4,900 and set a “sector perform” rating on the stock in a research note on Monday. Citigroup boosted their target price on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the company a “neutral” rating in a research note on Monday, November 17th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 5,200 target price on shares of Rio Tinto Group in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. raised their price target on Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the stock an “overweight” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 5,708.33.

Rio Tinto Group Company Profile

We operate in 35 countries where our 60,000 employees are working to find better ways to provide the materials the world needs. Our portfolio includes iron ore, copper, aluminium and a range of other minerals and materials needed for people, communities and nations to grow and prosper, and for the world to cut carbon emissions to net zero.