Deutsche Bank reiterated their hold rating on shares of Rio Tinto (LON:RIO) in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts also recently commented on the stock. Barclays reaffirmed an underweight rating and set a GBX 4,000 ($52.27) price objective on shares of Rio Tinto in a research note on Wednesday, July 17th. JPMorgan Chase & Co. dropped their price objective on shares of Rio Tinto from GBX 5,670 ($74.09) to GBX 5,580 ($72.91) and set an overweight rating for the company in a research note on Wednesday, July 17th. Morgan Stanley reaffirmed an equal weight rating on shares of Rio Tinto in a research note on Monday, July 15th. UBS Group set a GBX 4,500 ($58.80) price objective on shares of Rio Tinto and gave the company a neutral rating in a research note on Wednesday. Finally, Shore Capital reaffirmed a not rated rating on shares of Rio Tinto in a research note on Thursday, June 6th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 4,479.53 ($58.53).
LON RIO opened at GBX 4,386.50 ($57.32) on Thursday. Rio Tinto has a 12 month low of GBX 3,460.50 ($45.22) and a 12 month high of GBX 5,039 ($65.84). The company’s 50-day moving average is GBX 4,768.90. The company has a debt-to-equity ratio of 25.60, a quick ratio of 1.51 and a current ratio of 1.92. The firm has a market cap of $55.60 billion and a P/E ratio of 5.57.
In related news, insider Jean-Sébastien Jacques sold 7 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of GBX 4,808 ($62.83), for a total transaction of £336.56 ($439.78). In the last three months, insiders have sold 4,025 shares of company stock valued at $18,156,922.
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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