Citigroup Raises South32 (LON:S32) Price Target to GBX 300

South32 (LON:S32) had its target price lifted by equities research analysts at Citigroup from GBX 280 to GBX 300 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 21.36% from the stock’s previous close.

South32 Stock Up 7.2%

LON S32 opened at GBX 247.20 on Tuesday. The stock’s 50-day simple moving average is GBX 227.24 and its two-hundred day simple moving average is GBX 207.55. South32 has a twelve month low of GBX 123.24 and a twelve month high of GBX 250. The company has a market capitalization of £11.07 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 7.26 and a beta of 0.70.

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.