Rio Tinto (RIO) Rating Reiterated by Citigroup
RIO has been the topic of several other research reports. JPMorgan Chase & Co. set a GBX 5,300 ($69.25) target price on shares of Rio Tinto and gave the stock a buy rating in a report on Tuesday. Deutsche Bank reissued a hold rating on shares of Rio Tinto in a report on Friday, January 11th. Royal Bank of Canada reaffirmed an underperform rating and set a GBX 3,100 ($40.51) price target on shares of Rio Tinto in a research note on Monday, April 1st. HSBC downgraded shares of Rio Tinto from a buy rating to a hold rating and decreased their price target for the company from GBX 4,780 ($62.46) to GBX 4,650 ($60.76) in a research note on Friday, March 1st. Finally, UBS Group downgraded shares of Rio Tinto from a buy rating to a neutral rating and set a GBX 4,500 ($58.80) price target on the stock. in a research note on Wednesday, March 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 4,368.05 ($57.08).
RIO stock opened at GBX 4,600 ($60.11) on Tuesday. Rio Tinto has a one year low of GBX 3,460.50 ($45.22) and a one year high of GBX 4,772.50 ($62.36). The company has a current ratio of 1.92, a quick ratio of 1.51 and a debt-to-equity ratio of 25.60. The firm has a market capitalization of $58.07 billion and a PE ratio of 5.84.
In other news, insider Jean-Sébastien Jacques sold 11 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of GBX 3,862 ($50.46), for a total value of £424.82 ($555.10).
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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