South32 (LON:S32) Trading Up 0.8% – Here’s What Happened

South32 Limited (LON:S32)’s stock price was up 0.8% during trading on Wednesday . The stock traded as high as GBX 172.60 and last traded at GBX 170.20. Approximately 506,112 shares were traded during mid-day trading, an increase of 32% from the average daily volume of 383,838 shares. The stock had previously closed at GBX 168.80.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “hold” rating and set a GBX 130 target price on shares of South32 in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 125.

South32 Stock Up 0.8%

The company’s 50-day moving average is GBX 156.27 and its two-hundred day moving average is GBX 145.38. The company has a market cap of £7.63 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91.

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.