Insider Buying: South32 (LON:S32) Insider Acquires £2,000 in Stock

South32 Limited (LON:S32) insider Stephen Pearce acquired 40,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of GBX 5 per share, with a total value of £2,000.

South32 Stock Up 0.4%

Shares of South32 stock opened at GBX 277 on Monday. South32 Limited has a 52 week low of GBX 123.24 and a 52 week high of GBX 280.80. The business’s fifty day simple moving average is GBX 234.73 and its 200-day simple moving average is GBX 233.20. The firm has a market cap of £12.40 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 7.26 and a beta of 0.68.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup upped 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 310 price target on shares of South32 in a research note on Friday. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of South32 in a report on Thursday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,755.

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.