South32 (LON:S32) Raised to “Hold” at Canaccord Genuity Group

South32 (LON:S32) was upgraded by investment analysts at Canaccord Genuity Group to a “hold” rating in a research report issued on Wednesday, Marketbeat reports. The firm currently has a GBX 125 ($1.67) price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 4.87% from the stock’s current price.

South32 Stock Performance

South32 stock opened at GBX 131.40 ($1.75) on Wednesday. The company has a market cap of £7.39 billion, a price-to-earnings ratio of 92.32, a PEG ratio of 7.26 and a beta of 0.91. The firm has a 50 day moving average price of GBX 157.40 and a 200 day moving average price of GBX 172.09. South32 has a 1 year low of GBX 117 ($1.56) and a 1 year high of GBX 209.60 ($2.80).

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.