Rio Tinto Group (LON:RIO)’s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a research report issued on Monday, PriceTargets.com reports. They presently have a GBX 6,220 ($84.11) price objective on the stock. Morgan Stanley’s price objective points to a potential upside of 9.35% from the stock’s current price.
A number of other equities analysts also recently commented on RIO. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,700 ($77.08) price target on shares of Rio Tinto Group in a research note on Friday, February 4th. Liberum Capital downgraded Rio Tinto Group to a “sell” rating and set a GBX 4,200 ($56.80) target price on the stock. in a report on Thursday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rio Tinto Group in a report on Tuesday, February 8th. UBS Group set a GBX 4,200 ($56.80) target price on Rio Tinto Group in a report on Wednesday, February 2nd. Finally, Credit Suisse Group set a GBX 5,500 ($74.37) target price on Rio Tinto Group in a report on Friday, January 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Rio Tinto Group has an average rating of “Hold” and a consensus price target of GBX 5,221.67 ($70.61).
Rio Tinto Group stock opened at GBX 5,688 ($76.92) on Monday. Rio Tinto Group has a 12-month low of GBX 4,354 ($58.88) and a 12-month high of GBX 6,876.26 ($92.99). The company has a market capitalization of £92.11 billion and a price-to-earnings ratio of 6.69. The company has a debt-to-equity ratio of 23.22, a current ratio of 2.13 and a quick ratio of 1.77. The firm’s fifty day moving average price is GBX 5,156.48 and its 200 day moving average price is GBX 5,105.45.
In related news, insider Peter Cunningham sold 5 shares of the firm’s stock in a transaction that occurred on Tuesday, January 18th. The stock was sold at an average price of GBX 5,398 ($73.00), for a total value of £269.90 ($364.98).
Rio Tinto Group Company Profile
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.