Rio Tinto (LON:RIO)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a report released on Thursday, February 28th, MarketBeat Ratings reports. They currently have a GBX 4,250 ($55.53) price objective on the stock. Deutsche Bank’s target price indicates a potential downside of 1.45% from the stock’s previous close.
A number of other equities analysts have also recently commented on RIO. UBS Group set a GBX 4,500 ($58.80) target price on Rio Tinto and gave the company a “buy” rating in a report on Wednesday, February 27th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rio Tinto in a report on Friday, November 9th. Credit Suisse Group reissued an “outperform” rating on shares of Rio Tinto in a report on Thursday, November 15th. Barclays increased their price target on Rio Tinto from GBX 3,750 ($49.00) to GBX 4,100 ($53.57) and gave the company an “equal weight” rating in a report on Thursday, January 10th. Finally, Liberum Capital reaffirmed a “sell” rating on shares of Rio Tinto in a report on Tuesday, January 15th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 4,245.15 ($55.47).
Shares of RIO traded up GBX 13 ($0.17) during mid-day trading on Thursday, reaching GBX 4,312.50 ($56.35). The company had a trading volume of 2,732,331 shares, compared to its average volume of 4,860,000. Rio Tinto has a 52-week low of GBX 3,460.50 ($45.22) and a 52-week high of GBX 4,541 ($59.34). The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60. The company has a market capitalization of $55.11 billion and a price-to-earnings ratio of 5.48.
In other news, insider Jean-Sébastien Jacques sold 13,090 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 4,327 ($56.54), for a total transaction of £566,404.30 ($740,107.54).
About Rio Tinto
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. It finds, mines, and processes mineral resources, including aluminum, copper, diamonds, gold, iron ore, thermal and metallurgical coal, and uranium, as well as industrial minerals, such as borates, titanium dioxide, and salt.
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