South32 (LON:S32) Price Target Raised to GBX 125 at Canaccord Genuity Group

South32 (LON:S32) had its price objective boosted by Canaccord Genuity Group from GBX 120 ($1.49) to GBX 125 ($1.56) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has a sell rating on the stock.

A number of other research firms have also weighed in on S32. Citigroup lowered South32 to a “neutral” rating in a research report on Thursday, December 12th. Canaccord Genuity Group reaffirmed a “sell” rating and set a GBX 120 ($1.49) target price on shares of South32 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, South32 presently has a consensus rating of “Hold” and a consensus price target of GBX 202 ($2.52).

South32 Trading Down 0.9 %

S32 stock opened at GBX 173.90 ($2.17) on Tuesday. South32 has a 52 week low of GBX 141.50 ($1.76) and a 52 week high of GBX 209.60 ($2.61). The company has a market capitalization of £7.84 billion, a price-to-earnings ratio of -1,580.91, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. The firm’s 50-day moving average is GBX 173 and its two-hundred day moving average is GBX 172.50.

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.