South32’s (S32) “Neutral” Rating Reaffirmed at Royal Bank Of Canada

South32 (LON:S32)‘s stock had its “neutral” rating restated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Thursday,London Stock Exchange reports.

Several other research firms have also issued reports on S32. Citigroup increased their price objective on South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group restated a “buy” rating and issued a GBX 300 target price on shares of South32 in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,750.

South32 Price Performance

South32 stock opened at GBX 277 on Thursday. The business has a 50 day simple moving average of GBX 232.63 and a 200 day simple moving average of GBX 232.55. The company has a market capitalization of £12.40 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 7.26 and a beta of 0.68. South32 has a one year low of GBX 123.24 and a one year high of GBX 280.60.

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.