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

South32 (LON:S32)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 300 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 24.07% from the stock’s current price.

Separately, Citigroup raised their price target on shares of South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, South32 has an average rating of “Moderate Buy” and a consensus target price of GBX 1,210.

South32 Stock Performance

Shares of S32 stock opened at GBX 241.80 on Tuesday. The company has a market capitalization of £10.82 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 7.26 and a beta of 0.70. South32 has a 52-week low of GBX 123.24 and a 52-week high of GBX 265. The company has a 50-day simple moving average of GBX 234.77 and a two-hundred day simple moving average of GBX 214.41.

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.