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

Jefferies Financial Group reiterated their buy rating on shares of South32 (LON:S32) in a report issued on Friday, Marketbeat.com reports. They currently have a GBX 310 target price on the stock.

Other equities analysts have also issued reports about the stock. Citigroup raised their target price on shares of South32 from GBX 3,000 to GBX 3,200 and gave the stock 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 report on Thursday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,755.

South32 Stock Up 0.4%

S32 opened at GBX 277 on Friday. The firm has a market cap of £12.40 billion, a price-to-earnings ratio of 39.57, a price-to-earnings-growth ratio of 7.26 and a beta of 0.68. South32 has a 52 week low of GBX 123.24 and a 52 week high of GBX 280.80. The business’s 50 day moving average is GBX 234.73 and its two-hundred day moving average is GBX 233.20.

Insider Buying and Selling at South32

In related news, insider Stephen Pearce purchased 40,000 shares of the business’s stock in a transaction dated 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 company insiders.

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.