Royal Bank Of Canada Reaffirms “Outperform” Rating for South32 (LON:S32)

South32 (LON:S32)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Monday,Digital Look reports.

A number of other equities analysts have also weighed in on S32. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 300 price target on shares of South32 in a report on Wednesday, July 1st. Citigroup increased their target price on South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research report on Monday, June 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,210.

South32 Stock Performance

South32 stock opened at GBX 228.40 on Monday. South32 has a 1 year low of GBX 123.24 and a 1 year high of GBX 265. The firm has a 50 day moving average price of GBX 226.59 and a 200 day moving average price of GBX 225.45. The company has a market cap of £10.22 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 7.26 and a beta of 0.68.

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.