South32 (LON:S32) Price Target Increased to GBX 460 by Analysts at Royal Bank of Canada

South32 (LON:S32 – Get Rating) had its target price increased by Royal Bank of Canada from GBX 450 ($5.57) to GBX 460 ($5.70) in a research note published on Tuesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.

Separately, Barclays reduced their price target on shares of South32 from GBX 193 ($2.39) to GBX 170 ($2.10) and set an underweight rating on the stock in a research report on Friday, October 21st.

South32 Price Performance

Shares of LON S32 opened at GBX 273.50 ($3.39) on Tuesday. The business has a 50 day simple moving average of GBX 236.09 and a 200-day simple moving average of GBX 228.06. South32 has a twelve month low of GBX 193.20 ($2.39) and a twelve month high of GBX 306.50 ($3.79). The company has a market capitalization of £12.52 billion and a price-to-earnings ratio of 580.85. The company has a current ratio of 2.24, a quick ratio of 1.69 and a debt-to-equity ratio of 16.95.

Insiders Place Their Bets

In other news, insider Xiaoling Liu purchased 6,000 shares of South32 stock in a transaction dated Thursday, October 27th. The stock was bought at an average price of GBX 377 ($4.67) per share, with a total value of £22,620 ($28,005.45).

South32 Company Profile

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South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. 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.