Rio Tinto (LON:RIO) Given a GBX 4,700 Price Target at UBS Group

UBS Group set a GBX 4,700 ($61.41) price objective on Rio Tinto (LON:RIO) in a research report sent to investors on Wednesday, June 26th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group set a €19.00 ($22.09) price objective on K&S and gave the stock a neutral rating in a report on Tuesday, May 14th. Barclays set a $60.00 price objective on Brown-Forman and gave the stock a hold rating in a report on Friday, June 7th. Investec downgraded Rio Tinto from a buy rating to a hold rating in a report on Wednesday, April 17th. Deutsche Bank restated a buy rating and set a GBX 2,450 ($32.01) price objective on shares of in a report on Thursday, June 20th. Finally, Societe Generale upgraded Anglo American to a buy rating in a research report on Thursday, May 23rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 4,502.68 ($58.84).

Shares of LON:RIO traded down GBX 96 ($1.25) during mid-day trading on Wednesday, hitting GBX 4,780 ($62.46). 2,742,199 shares of the company traded hands, compared to its average volume of 4,860,000. The firm has a market capitalization of $60.71 billion and a price-to-earnings ratio of 6.07. The company has a debt-to-equity ratio of 25.60, a quick ratio of 1.51 and a current ratio of 1.92. Rio Tinto has a 52-week low of GBX 3,460.50 ($45.22) and a 52-week high of GBX 5,039 ($65.84). The stock’s 50 day moving average price is GBX 4,741.63.

In related news, insider Jean-Sébastien Jacques sold 4,011 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of GBX 4,510 ($58.93), for a total transaction of £180,896.10 ($236,372.79).

Rio Tinto Company Profile

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

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Analyst Recommendations for Rio Tinto (LON:RIO)

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