South32 (LON:S32) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of South32 (LON:S32) to a buy rating in a research note published on Monday morning,London Stock Exchange reports. They currently have GBX 280 price objective on the stock, up from their previous price objective of GBX 260.

South32 Price Performance

Shares of LON S32 opened at GBX 228 on Monday. South32 has a 1-year low of GBX 117 and a 1-year high of GBX 250. The business’s fifty day moving average price is GBX 228.32 and its two-hundred day moving average price is GBX 184.27. The firm has a market capitalization of £10.21 billion, a PE ratio of 32.57, a P/E/G ratio of 7.26 and a beta of 0.70.

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. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.