Canaccord Genuity Group Boosts South32 (LON:S32) Price Target to GBX 120

South32 (LON:S32) had its price objective increased by analysts at Canaccord Genuity Group from GBX 115 ($1.48) to GBX 120 ($1.54) in a report issued on Wednesday,Digital Look reports. The firm presently has a “sell” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 33.48% from the company’s previous close.

Separately, Royal Bank of Canada decreased their price objective on shares of South32 from GBX 380 ($4.89) to GBX 370 ($4.76) and set an “outperform” rating for the company in a research report on Friday, August 30th.

South32 Trading Down 0.2 %

S32 stock traded down GBX 0.30 ($0.00) during trading on Wednesday, hitting GBX 180.40 ($2.32). The company had a trading volume of 340,055 shares, compared to its average volume of 465,421. The stock has a market cap of £8.14 billion, a PE ratio of -1,639.09, a PEG ratio of 7.26 and a beta of 0.91. The business has a 50-day moving average of GBX 177.57 and a 200-day moving average of GBX 179.49. South32 has a one year low of GBX 141.50 ($1.82) and a one year high of GBX 209.60 ($2.70).

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.