Rio Tinto Group (LON:RIO) Insider Peter Cunningham Sells 4 Shares of Stock

Posted by Defense World Staff on Oct 25th, 2023

Rio Tinto Group (LON:RIO – Get Free Report) insider Peter Cunningham sold 4 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of GBX 5,067 ($62.07), for a total transaction of £202.68 ($248.29).

Rio Tinto Group Trading Up 3.5 %

RIO opened at GBX 5,060 ($61.99) on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.34 and a debt-to-equity ratio of 26.39. The stock has a market capitalization of £63.25 billion, a PE ratio of 1,168.59, a PEG ratio of -0.64 and a beta of 0.69. Rio Tinto Group has a 1-year low of GBX 4,424.50 ($54.20) and a 1-year high of GBX 6,406 ($78.48). The firm has a 50-day moving average price of GBX 4,980.94 and a two-hundred day moving average price of GBX 5,037.16.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Rio Tinto Group from GBX 5,100 ($62.48) to GBX 4,800 ($58.80) in a report on Tuesday, October 10th. Berenberg Bank cut their price target on shares of Rio Tinto Group from GBX 6,300 ($77.18) to GBX 6,000 ($73.50) and set a “buy” rating for the company in a report on Tuesday, October 10th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Rio Tinto Group in a report on Tuesday, October 10th. Morgan Stanley cut their price target on shares of Rio Tinto Group from GBX 5,550 ($67.99) to GBX 5,500 ($67.38) in a report on Wednesday, August 2nd. Finally, Credit Suisse Group cut their price target on shares of Rio Tinto Group from GBX 7,400 ($90.65) to GBX 6,800 ($83.30) in a report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,145.45 ($75.28).

View Our Latest Research Report on Rio Tinto Group

Rio Tinto Group Company Profile

(Get Free Report)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. It offers aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, molybdenum, and lithium. The company also owns and operates open pit and underground mines, refineries, smelters, and concentrator facilities, as well as power stations, research, and service facilities.