South32 (LON:S32) Price Target Raised to GBX 125

South32 (LON:S32) had its price target hoisted by Canaccord Genuity Group from GBX 120 ($1.48) to GBX 125 ($1.54) in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has a “sell” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential downside of 27.58% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 120 ($1.48) target price on shares of South32 in a report on Friday, December 13th. Citigroup downgraded South32 to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 202 ($2.50).

South32 Stock Performance

Shares of LON:S32 opened at GBX 172.60 ($2.13) on Tuesday. The firm has a market cap of £7.78 billion, a price-to-earnings ratio of -1,569.09, a P/E/G ratio of 7.26 and a beta of 0.91. The firm has a fifty day moving average price of GBX 173.25 and a 200 day moving average price of GBX 172.35. South32 has a fifty-two week low of GBX 141.50 ($1.75) and a fifty-two week high of GBX 209.60 ($2.59).

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.