South32 (LON:S32) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

South32 (LON:S32) had its price objective upped by Canaccord Genuity Group from GBX 120 ($1.49) to GBX 125 ($1.56) in a research report released on Tuesday, MarketBeat reports. Canaccord Genuity Group currently has a sell rating on the stock.

Other research analysts also recently issued research reports about the stock. Citigroup downgraded shares of South32 to a “neutral” rating in a report on Thursday, December 12th. Canaccord Genuity Group restated a “sell” rating and set a GBX 120 ($1.49) target price on shares of South32 in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 202 ($2.52).

South32 Price Performance

Shares of South32 stock opened at GBX 173.90 ($2.17) on Tuesday. South32 has a 1-year low of GBX 141.50 ($1.76) and a 1-year high of GBX 209.60 ($2.61). The company’s fifty day simple moving average is GBX 173 and its 200-day simple moving average is GBX 172.50. The stock has a market capitalization of £7.84 billion, a PE ratio of -1,580.91, a P/E/G ratio of 7.26 and a beta of 0.91.

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.