South32 (LON:S32) Reaches New 12-Month High – Here’s Why

South32 Limited (LON:S32) hit a new 52-week high on Thursday . The stock traded as high as GBX 281 and last traded at GBX 278, with a volume of 177219 shares traded. The stock had previously closed at GBX 272.40.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on 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 report on Thursday, August 27th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 310 target price on shares of South32 in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, South32 currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,755.

South32 Trading Up 2.1%

The stock has a market capitalization of £12.45 billion, a PE ratio of 39.74, a PEG ratio of 7.26 and a beta of 0.68. The business’s 50 day moving average is GBX 238.18 and its 200 day moving average is GBX 234.

Insider Transactions at South32

In other South32 news, insider Stephen Pearce bought 40,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was acquired at an average price of GBX 5 per share, for a total transaction of £2,000. 0.31% of the stock is currently owned by insiders.

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.