South32's (S32) "Hold" Rating Reiterated at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated its "hold" rating on South32's stock, maintaining a target price of GBX 130 ($1.77).
• The current target price indicates a potential downside of 5.93% from the stock's previous close of GBX 138.20 ($1.88).
• South32's stock has a market cap of £7.77 billion and a twelve-month trading range between GBX 117 ($1.59) and GBX 199.90 ($2.71).

South32 (LON:S32 - Get Free Report)'s stock had its "hold" rating restated by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 130 ($1.77) target price on the stock. Canaccord Genuity Group's target price suggests a potential downside of 5.93% from the stock's previous close.

South32 Stock Performance

LON S32 traded down GBX 10.40 ($0.14) during trading on Thursday, reaching GBX 138.20 ($1.88). The company's stock had a trading volume of 412,984 shares, compared to its average volume of 338,436. The firm has a market cap of £7.77 billion, a price-to-earnings ratio of 97.10, a P/E/G ratio of 7.26 and a beta of 0.91. South32 has a twelve month low of GBX 117 ($1.59) and a twelve month high of GBX 199.90 ($2.71). The business's fifty day moving average price is GBX 144.40 and its 200-day moving average price is GBX 151.39.

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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