Rio Tinto (RIO) Rating Reiterated by Citigroup

Rio Tinto (LON:RIO)‘s stock had its “buy” rating reissued by analysts at Citigroup in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also weighed in on RIO. Goldman Sachs Group lowered their price target on shares of Rio Tinto from GBX 4,200 ($54.88) to GBX 4,100 ($53.57) and set a “neutral” rating for the company in a report on Friday, January 18th. JPMorgan Chase & Co. increased their price objective on shares of Rio Tinto from GBX 5,000 ($65.33) to GBX 5,050 ($65.99) and gave the company an “overweight” rating in a research note on Thursday, January 31st. Canaccord Genuity reiterated a “buy” rating and set a GBX 4,450 ($58.15) price objective on shares of Rio Tinto in a research note on Wednesday, February 27th. HSBC set a GBX 4,755 ($62.13) price objective on shares of Rio Tinto and gave the company a “buy” rating in a research note on Friday, January 18th. Finally, Liberum Capital reiterated a “sell” rating on shares of Rio Tinto in a research note on Tuesday, January 15th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 4,346.90 ($56.80).

RIO opened at GBX 4,728 ($61.78) on Tuesday. The firm has a market cap of $59.36 billion and a P/E ratio of 6.00. Rio Tinto has a twelve month low of GBX 3,460.50 ($45.22) and a twelve month high of GBX 4,772.50 ($62.36). The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60.

In other Rio Tinto news, insider Jean-Sébastien Jacques sold 13,090 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 4,327 ($56.54), for a total transaction of £566,404.30 ($740,107.54).

Rio Tinto Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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Analyst Recommendations for Rio Tinto (LON:RIO)

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