Key Points
- Insider sale: Peter Cunningham sold 3,108 shares on Dec. 2 at an average price of GBX 5,464, totaling £169,821.12 (he also sold 4 shares in October).
- Stock snapshot: RIO opened at GBX 5,494 with a market cap of £89.27bn, a PE of 8.75, 50/200-day averages of GBX 5,238.66/4,751.15, and a 52-week range of GBX 4,024.50–5,662.
- Analyst views: The consensus rating is "Hold" with a target of GBX 5,708.33; recent moves include JPMorgan raising its target to GBX 6,950 (overweight) while RBC cut its target to GBX 4,900 (sector perform).
Rio Tinto Group (LON:RIO - Get Free Report) insider Peter Cunningham sold 3,108 shares of the company's stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of GBX 5,464, for a total value of £169,821.12.
Peter Cunningham also recently made the following trade(s):
- On Friday, October 17th, Peter Cunningham sold 4 shares of Rio Tinto Group stock. The stock was sold at an average price of GBX 5,082, for a total transaction of £203.28.
Rio Tinto Group Stock Performance
Shares of RIO opened at GBX 5,494 on Friday. The company has a market capitalization of £89.27 billion, a PE ratio of 8.75, a PEG ratio of -0.64 and a beta of 0.59. The company has a debt-to-equity ratio of 25.28, a quick ratio of 1.34 and a current ratio of 1.70. The company's 50 day moving average price is GBX 5,238.66 and its 200 day moving average price is GBX 4,751.15. Rio Tinto Group has a 52 week low of GBX 4,024.50 and a 52 week high of GBX 5,662.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on RIO shares. JPMorgan Chase & Co. upped their price target on shares of Rio Tinto Group from GBX 6,100 to GBX 6,950 and gave the stock an "overweight" rating in a research note on Wednesday. Berenberg Bank restated a "hold" rating and issued a GBX 5,200 target price on shares of Rio Tinto Group in a research note on Wednesday, October 15th. Citigroup upped their target price on Rio Tinto Group from GBX 4,600 to GBX 5,700 and gave the stock a "neutral" rating in a research report on Monday, November 17th. Finally, Royal Bank Of Canada cut their price target on Rio Tinto Group from GBX 5,000 to GBX 4,900 and set a "sector perform" rating for the company in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 5,708.33.
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About Rio Tinto Group
(
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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.
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