UBS Group Reiterates Neutral Rating for Rio Tinto (LON:RIO)

UBS Group reaffirmed their neutral rating on shares of Rio Tinto (LON:RIO) in a research report sent to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other analysts also recently issued reports about the stock. Royal Bank of Canada upped their target price on shares of Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an outperform rating in a research report on Tuesday, July 16th. HSBC set a $12.00 price objective on shares of Transocean and gave the company a buy rating in a research report on Monday, July 15th. Investec downgraded shares of Rio Tinto from a buy rating to a hold rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. reissued a buy rating and set a $69.00 price objective on shares of Daimler in a research report on Friday, July 12th. Finally, Societe Generale raised shares of 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 given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 4,502.68 ($58.84).

LON:RIO opened at GBX 4,851 ($63.39) on Wednesday. The stock has a 50-day simple moving average of GBX 4,745.75. The stock has a market cap of $61.56 billion and a P/E ratio of 6.16. The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 25.60. Rio Tinto has a 1-year low of GBX 3,460.50 ($45.22) and a 1-year high of GBX 5,039 ($65.84).

In other news, insider Jean-Sébastien Jacques sold 4,011 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were 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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