South32’s (S32) Neutral Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their neutral rating on shares of South32 (LON:S32) in a research report report published on Thursday morning, Marketbeat reports.

A number of other research analysts have also recently weighed in on S32. Citigroup boosted their price objective 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 300 target price on shares of South32 in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,755.

South32 Stock Performance

LON:S32 opened at GBX 277 on Thursday. The stock’s fifty day moving average is GBX 234.73 and its 200 day moving average is GBX 233.17. South32 has a fifty-two week low of GBX 123.24 and a fifty-two week high of GBX 280.80. The firm has a market capitalization of £12.40 billion, a PE ratio of 39.57, a PEG ratio of 7.26 and a beta of 0.68.

Insider Transactions at South32

In other South32 news, insider Stephen Pearce acquired 40,000 shares of the business’s stock in a transaction on Friday, August 28th. The shares were bought at an average price of GBX 5 per share, with a total value 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.