South32 (LON:S32) Given New GBX 3,200 Price Target at Citigroup

South32 (LON:S32) had its price objective hoisted by investment analysts at Citigroup from GBX 3,000 to GBX 3,200 in a note issued to investors on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock.

South32 Stock Performance

Shares of LON S32 opened at GBX 243.20 on Monday. South32 has a fifty-two week low of GBX 123.24 and a fifty-two week high of GBX 265. The stock has a market cap of £10.89 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 7.26 and a beta of 0.70. The firm’s 50-day simple moving average is GBX 234.06 and its 200 day simple moving average is GBX 213.77.

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.