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

by · The Cerbat Gem

South32 (LON:S32 – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 310 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 10.87% from the stock’s current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of South32 in a research note on Thursday. Citigroup upped their target price 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, South32 has an average rating of “Moderate Buy” and a consensus target price of GBX 1,755.

Read Our Latest Stock Report on S32

South32 Stock Up 1.3%

LON:S32 opened at GBX 279.60 on Friday. South32 has a twelve month low of GBX 123.24 and a twelve month high of GBX 280.60. The company has a fifty day moving average of GBX 233.63 and a 200-day moving average of GBX 232.86. The firm has a market capitalization of £12.52 billion, a P/E ratio of 39.94, a P/E/G ratio of 7.26 and a beta of 0.68.

South32 Company Profile

(Get Free Report)

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.

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