South32’s (S32) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of South32 (LON:S32) in a report published on Monday morning,Digital Look reports.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 310 price objective on shares of South32 in a research note on Friday, August 28th. Citigroup upped their price objective on South32 from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,755.

South32 Price Performance

S32 opened at GBX 255.40 on Monday. The business has a 50 day simple moving average of GBX 247.40 and a two-hundred day simple moving average of GBX 236.22. The firm has a market capitalization of £11.45 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 7.26 and a beta of 0.70. South32 has a one year low of GBX 123.60 and a one year high of GBX 282.

Insider Buying and Selling at South32

In related news, insider Stephen Pearce bought 40,000 shares of the stock in a transaction on Friday, August 28th. The stock was bought at an average price of GBX 5 per share, for a total transaction of £2,000. Insiders own 0.38% of the company’s stock.

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.