Rio Tinto Group (LON:RIO) Given “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Rio Tinto Group (LON:RIO) in a research report sent to investors on Friday morning, Marketbeat reports. Jefferies Financial Group currently has a GBX 6,400 ($81.59) price objective on the stock.

A number of other brokerages also recently commented on RIO. Berenberg Bank reissued a “buy” rating and issued a GBX 6,200 ($79.04) target price on shares of Rio Tinto Group in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Rio Tinto Group from GBX 6,200 ($79.04) to GBX 6,000 ($76.49) and set a “buy” rating for the company in a report on Monday, September 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rio Tinto Group in a report on Friday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 6,228.75 ($79.41).

Rio Tinto Group Stock Performance

Shares of RIO stock opened at GBX 4,924 ($62.77) on Friday. The company’s fifty day simple moving average is GBX 5,022.32 and its 200-day simple moving average is GBX 5,089. Rio Tinto Group has a 52 week low of GBX 4,509 ($57.48) and a 52 week high of GBX 5,910 ($75.34). The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.01. The company has a market cap of £61.55 billion, a PE ratio of 976.98, a P/E/G ratio of -0.64 and a beta of 0.59.

Insider Activity at Rio Tinto Group

In related news, insider Jakob Stausholm sold 6,489 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 4,988 ($63.59), for a total transaction of £323,671.32 ($412,635.54). Also, insider Simon Henry acquired 200 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were acquired at an average cost of GBX 4,956 ($63.18) per share, with a total value of £9,912 ($12,636.41). Insiders own 14.62% of the company’s stock.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.