Rio Tinto Group’s (RIO) “Hold” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Rio Tinto Group (LON:RIO)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 7,400 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 5.38% from the company’s previous close.

Several other research firms have also commented on RIO. Shore Capital Group decreased their price target on shares of Rio Tinto Group from GBX 7,400 to GBX 6,900 and set a “hold” rating for the company in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised shares of Rio Tinto Group to a “neutral” rating and lifted their price objective for the stock from GBX 7,200 to GBX 8,280 in a research report on Tuesday, May 26th. Berenberg Bank reiterated a “hold” rating and set a GBX 6,600 price objective on shares of Rio Tinto Group in a research note on Thursday, June 4th. Citigroup increased their target price on shares of Rio Tinto Group from £760 to £810 and gave the company a “neutral” rating in a research report on Monday, June 8th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 8,500 target price on shares of Rio Tinto Group in a research note on Tuesday, June 9th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of £178.69.

Rio Tinto Group Stock Down 1.4%

RIO stock traded down GBX 100 during trading on Wednesday, reaching GBX 7,022. 38,134,520 shares of the company traded hands, compared to its average volume of 44,638,148. The business has a 50 day simple moving average of GBX 7,633.47 and a 200 day simple moving average of GBX 7,004.44. Rio Tinto Group has a 12 month low of GBX 4,248 and a 12 month high of GBX 8,325. The company has a debt-to-equity ratio of 37.79, a quick ratio of 1.34 and a current ratio of 1.44. The company has a market capitalization of £114.20 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of -0.64 and a beta of 0.65.

Insiders Place Their Bets

In other Rio Tinto Group news, insider Peter Cunningham sold 6 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of GBX 7,311, for a total value of £438.66. Corporate insiders own 0.10% of the company’s stock.

About Rio Tinto Group

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.