South32 (LON:S32) Receives Neutral Rating from Royal Bank Of Canada

South32 (LON:S32)‘s stock had its “neutral” rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Thursday,London Stock Exchange reports.

Other equities analysts have also issued research reports about the company. Citigroup upped their price target on South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of South32 in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, South32 presently has an average rating of “Moderate Buy” and an average target price of GBX 1,750.

South32 Trading Up 2.4%

Shares of S32 stock opened at GBX 277 on Thursday. The firm has a market capitalization of £12.40 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 7.26 and a beta of 0.68. The firm’s 50 day moving average is GBX 232.63 and its 200-day moving average is GBX 232.55. South32 has a 1 year low of GBX 123.24 and a 1 year high of GBX 280.60.

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