South32’s (S32) “Buy” Rating Reaffirmed at Citigroup

Citigroup restated their buy rating on shares of South32 (LON:S32Get Rating) in a report published on Tuesday morning, Marketbeat reports. Citigroup currently has a GBX 300 ($3.71) target price on the stock.

S32 has been the subject of a number of other research reports. Royal Bank of Canada lifted their target price on shares of South32 from GBX 450 ($5.57) to GBX 460 ($5.70) and gave the company an outperform rating in a research note on Tuesday. Barclays cut their target price on shares of South32 from GBX 193 ($2.39) to GBX 170 ($2.10) and set an underweight rating for the company in a research note on Friday, October 21st.

South32 Stock Up 0.2 %

Shares of S32 opened at GBX 273.50 ($3.39) on Tuesday. The stock has a market cap of £12.52 billion and a price-to-earnings ratio of 580.85. The company has a quick ratio of 1.69, a current ratio of 2.24 and a debt-to-equity ratio of 16.95. South32 has a 12 month low of GBX 193.20 ($2.39) and a 12 month high of GBX 306.50 ($3.79). The company has a 50-day moving average price of GBX 236.09 and a two-hundred day moving average price of GBX 228.06.

Insider Activity

In related news, insider Xiaoling Liu acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was purchased at an average price of GBX 377 ($4.67) per share, for a total transaction of £22,620 ($28,005.45).

South32 Company Profile

(Get Rating)

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.

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