Rio Tinto Group (LON:RIO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Rio Tinto Group (LON:RIO) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 6,261.43 ($84.53).

A number of research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and set a GBX 6,200 ($83.70) price target on shares of Rio Tinto Group in a report on Wednesday, April 16th. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a research report on Thursday, February 20th.

Rio Tinto Group Trading Up 0.3%

Shares of LON:RIO opened at GBX 4,390 ($59.27) on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 25.28. The company’s 50-day moving average price is GBX 4,452.99 and its 200 day moving average price is GBX 4,719.75. The company has a market cap of £92.12 billion, a PE ratio of 8.31, a P/E/G ratio of -0.64 and a beta of 0.59. Rio Tinto Group has a fifty-two week low of GBX 4,024.50 ($54.33) and a fifty-two week high of GBX 5,474 ($73.90).

Rio Tinto Group Company Profile