Rio Tinto Group (LON:RIO – Get Ranking) had its goal value hoisted by analysts at JPMorgan Chase & Co. from GBX 5,350 ($64.64) to GBX 5,580 ($67.42) in a word issued to traders on Monday, Marketbeat.com stories. The brokerage at present has a “impartial” ranking on the inventory. JPMorgan Chase & Co.’s value goal suggests a possible upside of 19.18% from the inventory’s earlier shut.
A number of different analysts have additionally weighed in on the inventory. Barclays reiterated an “underweight” ranking and issued a GBX 4,500 ($54.37) value goal on shares of Rio Tinto Group in a analysis word on Friday, September 2nd. Jefferies Monetary Group set a GBX 6,800 ($82.17) value goal on shares of Rio Tinto Group in a analysis word on Tuesday, June seventh. Citigroup restated a “purchase” ranking and set a GBX 6,000 ($72.50) value goal on shares of Rio Tinto Group in a analysis word on Thursday, July twenty eighth. The Goldman Sachs Group set a GBX 5,700 ($68.87) value goal on shares of Rio Tinto Group in a analysis word on Wednesday, July twentieth. Lastly, Royal Financial institution of Canada set a GBX 4,700 ($56.79) value goal on shares of Rio Tinto Group in a analysis word on Wednesday, August thirty first. Three analysts have rated the inventory with a promote ranking, three have issued a maintain ranking and two have issued a purchase ranking to the corporate’s inventory. Based on knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a consensus goal value of GBX 5,346.92 ($64.61).
Rio Tinto Group Buying and selling Up 0.1 %
Shares of LON:RIO traded up GBX 4.50 ($0.05) throughout mid-day buying and selling on Monday, hitting GBX 4,682 ($56.57). The corporate had a buying and selling quantity of two,802,175 shares, in comparison with its common quantity of three,070,697. The agency has a fifty day transferring common value of GBX 4,823.69 and a 200 day transferring common value of GBX 5,283.16. The corporate has a market capitalization of £75.88 billion and a PE ratio of 493.36. The corporate has a debt-to-equity ratio of twenty-two.52, a present ratio of 1.79 and a fast ratio of 1.34. Rio Tinto Group has a one 12 months low of GBX 4,354 ($52.61) and a one 12 months excessive of GBX 6,343 ($76.64).
Insider Transactions at Rio Tinto Group
In different information, insider Jakob Stausholm purchased 10,000 shares of Rio Tinto Group inventory in a transaction dated Thursday, July twenty eighth. The inventory was bought at a median value of GBX 4,857 ($58.69) per share, for a complete transaction of £485,700 ($586,877.72).
About Rio Tinto Group
(Get Ranking)
Rio Tinto Group engages in exploring, mining, and processing mineral sources worldwide. The corporate provides aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It additionally owns and operates open pit and underground mines, mills, refineries, smelters, energy stations, and analysis and repair amenities.
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