Citigroup Raises South32 (LON:S32) Price Target to GBX 300

South32 (LON:S32) had its price objective lifted by equities researchers at Citigroup from GBX 280 to GBX 300 in a research note issued on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 21.36% from the company’s previous close.

South32 Trading Up 7.2%

S32 opened at GBX 247.20 on Tuesday. The company has a market cap of £11.07 billion, a P/E ratio of 35.31, a P/E/G ratio of 7.26 and a beta of 0.70. The business’s 50-day moving average price is GBX 227.24 and its 200-day moving average price is GBX 207.55. South32 has a 12 month low of GBX 123.24 and a 12 month high of GBX 250.

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.