Rio Tinto Group (LON:RIO) Receives Hold Rating from Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Rio Tinto Group (LON:RIO) in a report published on Wednesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 5,300 price target on the stock.

A number of other analysts have also recently issued reports on RIO. Citigroup increased their target price on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the stock a “neutral” rating in a research note on Monday, November 17th. Royal Bank Of Canada raised their price objective on shares of Rio Tinto Group from GBX 6,000 to GBX 6,100 and gave the stock a “sector perform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their target price on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 5,830.

Rio Tinto Group Stock Down 1.5%

LON:RIO opened at GBX 6,543 on Wednesday. Rio Tinto Group has a 1 year low of GBX 4,024.50 and a 1 year high of GBX 6,676. The stock has a 50-day moving average price of GBX 5,792.54 and a two-hundred day moving average price of GBX 5,138.12. The stock has a market cap of £106.32 billion, a price-to-earnings ratio of 10.42, a PEG ratio of -0.64 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.28.

Insider Activity

In other Rio Tinto Group news, insider Peter Cunningham sold 3,108 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of GBX 5,464, for a total transaction of £169,821.12. Company insiders own 0.10% of the company’s stock.

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. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.

We have more than 150 years of mining and processing experience guiding our work.