South32 (LON:S32) Price Target Raised to GBX 125

South32 (LON:S32 - Get Free Report) had its price target lifted by equities researchers at Canaccord Genuity Group from GBX 120 ($1.51) to GBX 125 ($1.57) in a report issued on Tuesday, MarketBeat reports. The brokerage currently has a "sell" rating on the stock. Canaccord Genuity Group's price target points to a potential downside of 32.32% from the company's current price.

A number of other brokerages have also recently issued reports on S32. Canaccord Genuity Group restated a "sell" rating and set a GBX 120 ($1.51) price objective on shares of South32 in a report on Friday, December 13th. Citigroup lowered shares of South32 to a "neutral" rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 202 ($2.54).

South32 Stock Performance

S32 traded up GBX 2.80 ($0.04) during midday trading on Tuesday, reaching GBX 184.70 ($2.32). 476,210 shares of the company were exchanged, compared to its average volume of 334,663. The stock has a market capitalization of £10.39 billion, a P/E ratio of 129.77, a PEG ratio of 7.26 and a beta of 0.91. South32 has a one year low of GBX 141.50 ($1.78) and a one year high of GBX 209.60 ($2.63). The stock's 50-day simple moving average is GBX 172.41 and its 200 day simple moving average is GBX 173.02.

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.