South32 (LON:S32) Price Target Raised to GBX 125 at Canaccord Genuity Group

South32 (LON:S32) had its price objective raised by Canaccord Genuity Group from GBX 120 ($1.51) to GBX 125 ($1.57) in a research note published on Tuesday morning, Marketbeat reports. The firm currently has a sell rating on the stock.

A number of other analysts also recently weighed in on S32. Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 120 ($1.51) target price on shares of South32 in a research report on Friday, December 13th. Citigroup downgraded shares of South32 to a “neutral” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 202 ($2.54).

South32 Trading Up 5.0 %

Shares of LON S32 opened at GBX 181.90 ($2.29) on Tuesday. South32 has a 12 month low of GBX 141.50 ($1.78) and a 12 month high of GBX 209.60 ($2.63). The firm has a market capitalization of £10.23 billion, a PE ratio of 127.81, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. The firm has a fifty day simple moving average of GBX 172.51 and a two-hundred day simple moving average of GBX 172.82.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.