South32 (LON:S32) Given “Buy” Rating at Jefferies Financial Group

South32 (LON:S32)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a report released on Friday,London Stock Exchange reports. They presently have a GBX 310 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 10.87% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Citigroup increased their target price on shares of South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, June 8th. Royal Bank Of Canada reiterated a “neutral” rating on shares of South32 in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,755.

South32 Trading Up 1.3%

Shares of S32 opened at GBX 279.60 on Friday. The stock has a 50 day moving average of GBX 233.63 and a 200 day moving average of GBX 232.86. The company has a market capitalization of £12.52 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 7.26 and a beta of 0.68. South32 has a 12 month low of GBX 123.24 and a 12 month high of GBX 280.60.

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.