Rio Tinto Group (RIO.L)’s (RIO) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

Rio Tinto Group (RIO.L) (LON:RIO)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a research note issued on Thursday, Analyst Ratings Network reports. They currently have a GBX 7,100 ($92.76) price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 15.79% from the company’s current price.

Other equities research analysts have also issued research reports about the company. UBS Group set a GBX 4,500 ($58.79) target price on Rio Tinto Group (RIO.L) and gave the company a “neutral” rating in a research report on Monday, October 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a GBX 5,950 ($77.74) price objective on shares of Rio Tinto Group (RIO.L) in a report on Thursday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “buy” rating and issued a GBX 5,300 ($69.24) price objective on shares of Rio Tinto Group (RIO.L) in a research note on Tuesday, October 27th. Credit Suisse Group set a GBX 4,100 ($53.57) target price on shares of Rio Tinto Group (RIO.L) and gave the company a “sell” rating in a research report on Monday, September 28th. Finally, Morgan Stanley reaffirmed a “neutral” rating and issued a GBX 5,200 ($67.94) price target on shares of Rio Tinto Group (RIO.L) in a report on Thursday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 5,365.83 ($70.10).

Shares of RIO stock traded up GBX 138 ($1.80) during mid-day trading on Thursday, reaching GBX 6,132 ($80.11). The stock had a trading volume of 1,834,333 shares, compared to its average volume of 2,615,491. 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). The firm has a market cap of £76.46 billion and a price-to-earnings ratio of 13.80. The company has a current ratio of 1.61, a quick ratio of 1.23 and a debt-to-equity ratio of 31.56. The business’s fifty day moving average is GBX 5,563.21 and its 200-day moving average is GBX 4,915.09.

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

About Rio Tinto Group (RIO.L)

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.

Further Reading: Resistance Level

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

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