South32’s (S32) Buy Rating Reaffirmed at Jefferies Financial Group

South32 (LON:S32)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 300 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 30.66% from the company’s current price.

Separately, Citigroup raised their target price on shares of South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,210.

South32 Price Performance

LON:S32 traded up GBX 25.80 during trading hours on Wednesday, hitting GBX 229.60. The company had a trading volume of 749,323 shares, compared to its average volume of 902,225. The company has a market capitalization of £10.28 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 7.26 and a beta of 0.67. The stock has a 50-day moving average price of GBX 230.74 and a 200 day moving average price of GBX 221.29. South32 has a 52 week low of GBX 123.24 and a 52 week high of GBX 265.

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