South32 (LON:S32) Stock Price Up 1.1% - Should You Buy?

Key Points

• South32 Limited's shares increased by 1.1%, trading at GBX 126 ($1.71) during mid-day trading.
• Canaccord Genuity has a "hold" rating on South32 with a target price set at GBX 130, while the overall average rating is "Reduce" with a target price of GBX 125.
• The company's market capitalization stands at £5.66 billion, with a notably high PE ratio of 2,680.85.

Shares of South32 Limited (LON:S32 - Get Free Report) rose 1.1% during mid-day trading on Thursday . The company traded as high as GBX 126 ($1.71) and last traded at GBX 126 ($1.71). Approximately 354,875 shares were traded during trading, an increase of 4% from the average daily volume of 341,069 shares. The stock had previously closed at GBX 124.60 ($1.69).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "hold" rating and set a GBX 130 target price on shares of South32 in a research note on Thursday, August 14th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of GBX 125.

South32 Trading Up 1.1%

The stock's 50 day moving average price is GBX 140.29 and its two-hundred day moving average price is GBX 145.05. The firm has a market capitalization of £5.66 billion, a PE ratio of 2,680.85, a PEG ratio of 7.26 and a beta of 0.91.

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.

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