South32 (LON:S32) Upgraded at Citigroup

Citigroup upgraded shares of South32 (LON:S32) to a buy rating in a report published on Monday morning,London Stock Exchange reports. They currently have GBX 280 price objective on the stock, up from their previous price objective of GBX 260.

South32 Stock Up 4.2%

Shares of LON:S32 opened at GBX 234 on Monday. South32 has a 52-week low of GBX 117 and a 52-week high of GBX 250. The stock has a market cap of £10.48 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 7.26 and a beta of 0.70. The business has a 50-day moving average price of GBX 229.08 and a 200-day moving average price of GBX 185.30.

About South32

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. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.