South32 (LON:S32) Earns “Buy” Rating from Jefferies Financial Group

South32 (LON:S32)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 300 target price on the stock. Jefferies Financial Group’s price objective points to a potential upside of 24.07% from the stock’s current price.

Separately, Citigroup upped their price objective on shares of South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,210.

South32 Price Performance

Shares of LON S32 opened at GBX 241.80 on Tuesday. The stock has a market capitalization of £10.82 billion, a P/E ratio of 34.54, a PEG ratio of 7.26 and a beta of 0.70. South32 has a one year low of GBX 123.24 and a one year high of GBX 265. The firm’s 50 day simple moving average is GBX 234.77 and its two-hundred day simple moving average is GBX 214.41.

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.