South32 (LON:S32) Trading 0.1% Higher - Here's What Happened

South32 Limited (LON:S32 - Get Free Report) shot up 0.1% during mid-day trading on Wednesday . The company traded as high as GBX 172.80 ($2.23) and last traded at GBX 170.50 ($2.20). 1,256,244 shares were traded during trading, an increase of 304% from the average session volume of 311,203 shares. The stock had previously closed at GBX 170.40 ($2.20).

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on S32 shares. Canaccord Genuity Group upped their target price on shares of South32 from GBX 120 ($1.55) to GBX 125 ($1.62) and gave the stock a "sell" rating in a report on Tuesday, February 11th. Canaccord Genuity Group reissued a "sell" rating and issued a GBX 120 ($1.55) price objective on shares of South32 in a research note on Friday, December 13th. Finally, Citigroup cut South32 to a "neutral" rating in a research report on Thursday, December 12th.

South32 Price Performance

The firm has a market capitalization of £9.06 billion, a PE ratio of 113.19, a PEG ratio of 7.26 and a beta of 0.91. The firm's fifty day moving average is GBX 175.61 and its two-hundred day moving average is GBX 177.93.

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.