Rio Tinto Group (RIO.L) (LON:RIO) Given a GBX 7,100 Price Target by JPMorgan Chase & Co. Analysts


Share on StockTwits

Rio Tinto Group (RIO.L) (LON:RIO) has been given a GBX 7,100 ($92.76) price objective by equities research analysts at JPMorgan Chase & Co. in a report issued on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 16.20% from the company’s previous close.

Several other research analysts have also recently issued reports on RIO. Barclays reiterated a “neutral” rating and issued a GBX 5,000 ($65.33) price objective on shares of Rio Tinto Group (RIO.L) in a research report on Thursday, January 7th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “buy” rating and issued a GBX 5,300 ($69.24) price target on shares of Rio Tinto Group (RIO.L) in a research report on Tuesday, October 27th. Royal Bank of Canada set a GBX 5,900 ($77.08) price target on Rio Tinto Group (RIO.L) and gave the company a “neutral” rating in a research report on Wednesday, January 6th. Morgan Stanley restated a “neutral” rating and issued a GBX 5,200 ($67.94) price target on shares of Rio Tinto Group (RIO.L) in a research report on Thursday, December 10th. Finally, UBS Group set a GBX 4,500 ($58.79) price target on Rio Tinto Group (RIO.L) and gave the company a “neutral” rating in a research report on Monday, October 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 5,365.83 ($70.10).

LON:RIO opened at GBX 6,110 ($79.83) on Thursday. The stock has a fifty day moving average price of GBX 5,563.21 and a two-hundred day moving average price of GBX 4,915.09. The stock has a market capitalization of £76.19 billion and a price-to-earnings ratio of 13.80. The company has a debt-to-equity ratio of 31.56, a quick ratio of 1.23 and a current ratio of 1.61. Rio Tinto Group has a 1 year low of GBX 2,954 ($38.59) and a 1 year high of GBX 6,378 ($83.33).

In related news, insider Jean-Sébastien Jacques sold 11,606 shares of the stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of GBX 4,979 ($65.05), for a total transaction of £577,862.74 ($754,981.37).

Rio Tinto Group (RIO.L) Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminum smelting; bauxite mining; alumina refining; and ilmenite, rutile, and zircon mining, as well as provision of gypsum.

Read More: Average Daily Trade Volume Explained

Analyst Recommendations for Rio Tinto Group (RIO.L) (LON:RIO)

Receive News & Ratings for Rio Tinto Group (RIO.L) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rio Tinto Group (RIO.L) and related companies with MarketBeat.com's FREE daily email newsletter.