Jefferies Financial Group Reaffirms “Buy” Rating for South32 (LON:S32)

South32 (LON:S32)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 300 target price on the stock. Jefferies Financial Group’s target price suggests a potential upside of 30.66% from the company’s current price.

Separately, Citigroup upped their price objective on shares of South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,210.

South32 Stock Performance

Shares of South32 stock traded up GBX 25.80 during trading on Wednesday, hitting GBX 229.60. The company’s stock had a trading volume of 749,323 shares, compared to its average volume of 902,225. The company has a fifty day simple moving average of GBX 230.74 and a two-hundred day simple moving average of GBX 221.29. The company has a market capitalization of £10.28 billion, a PE ratio of 32.80, a P/E/G ratio of 7.26 and a beta of 0.67. South32 has a 52 week low of GBX 123.24 and a 52 week high of GBX 265.

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. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.