Shares of Rio Tinto Group (LON:RIO – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 6,241.25 ($80.80).
A number of analysts have recently issued reports on RIO shares. JPMorgan Chase & Co. reiterated a “not rated” rating on shares of Rio Tinto Group in a research note on Thursday, February 20th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,400 ($82.86) price objective on shares of Rio Tinto Group in a report on Friday, December 6th. Citigroup reissued a “neutral” rating on shares of Rio Tinto Group in a research report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 6,300 ($81.56) target price on shares of Rio Tinto Group in a research report on Thursday, February 20th.
View Our Latest Stock Analysis on Rio Tinto Group
Rio Tinto Group Stock Up 0.7 %
Insiders Place Their Bets
In related news, insider Ngaire Woods bought 516 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of GBX 4,820 ($62.40) per share, with a total value of £24,871.20 ($32,199.90). Also, insider Peter Cunningham sold 621 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of GBX 5,076 ($65.72), for a total transaction of £31,521.96 ($40,810.41). 14.62% of the stock is owned by insiders.
Rio Tinto Group Company Profile
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