Key Points
- Insider Peter Cunningham sold 3 Rio Tinto shares at an average price of GBX 6,721, for total proceeds of £201.63.
- Rio Tinto shares opened at GBX 6,260, down 3.4%, with a market capitalization of approximately £101.81 billion.
- Analyst sentiment is mixed but centers on a “Hold” consensus; ratings include one Buy, five Holds and one Sell, with an average price target of GBX 7,721.43.
Rio Tinto Group (LON:RIO - Get Free Report) insider Peter Cunningham sold 3 shares of Rio Tinto Group stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of GBX 6,721, for a total value of £201.63.
Rio Tinto Group Stock Down 3.4%
Shares of RIO opened at GBX 6,260 on Friday. The firm has a market cap of £101.81 billion, a P/E ratio of 8.48, a PEG ratio of -0.64 and a beta of 0.66. Rio Tinto Group has a 12 month low of GBX 5,159 and a 12 month high of GBX 8,325. The stock's 50 day moving average is GBX 7,225.79 and its two-hundred day moving average is GBX 7,327.23. The company has a current ratio of 1.42, a quick ratio of 1.34 and a debt-to-equity ratio of 34.91.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Royal Bank Of Canada reissued an "underperform" rating and issued a GBX 6,100 price target on shares of Rio Tinto Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 7,400 price objective on shares of Rio Tinto Group in a report on Tuesday, October 6th. Berenberg Bank reiterated a "buy" rating and issued a GBX 8,700 target price on shares of Rio Tinto Group in a research report on Thursday, October 15th. Citigroup dropped their target price on shares of Rio Tinto Group from GBX 8,280 to GBX 8,250 and set a "neutral" rating on the stock in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Rio Tinto Group from GBX 8,270 to GBX 8,200 and set a "neutral" rating for the company in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of GBX 7,721.43.
Get Our Latest Stock Analysis on Rio Tinto Group
About Rio Tinto Group
(
Get Free Report)
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. We continuously search for new projects that can support the energy transition, currently exploring for 7 commodities in 17 countries.
We have more than 150 years of mining and processing experience guiding our work.
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