South32 Limited (LON:S32 – Get Free Report) insider Stephen Pearce purchased 40,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of GBX 5 per share, for a total transaction of £2,000.
South32 Stock Up 1.0%
Shares of South32 stock opened at GBX 278.80 on Friday. The firm has a market cap of £12.48 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 7.26 and a beta of 0.68. The business has a 50-day moving average price of GBX 233.63 and a 200-day moving average price of GBX 232.86. South32 Limited has a twelve month low of GBX 123.24 and a twelve month high of GBX 280.60.
Wall Street Analyst Weigh In
A number of analysts have issued reports on S32 shares. Citigroup lifted their price objective on South32 from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 310 target price on shares of South32 in a research report on Friday. Finally, Royal Bank Of Canada reissued a “neutral” rating on shares of South32 in a report on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,755.
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.
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