Canaccord Genuity Group Issues Positive Forecast for South32 (LON:S32) Stock Price

South32 (LON:S32) had its target price increased by Canaccord Genuity Group from GBX 120 ($1.48) to GBX 125 ($1.54) in a research note issued on Tuesday,Digital Look reports. The firm presently has a “sell” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 27.58% from the company’s previous close.

S32 has been the topic of several other research reports. Citigroup downgraded shares of South32 to a “neutral” rating in a research note on Thursday, December 12th. Canaccord Genuity Group restated a “sell” rating and issued a GBX 120 ($1.48) target price on shares of South32 in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 202 ($2.50).

South32 Stock Down 1.7 %

Shares of South32 stock opened at GBX 172.60 ($2.13) on Tuesday. South32 has a 52 week low of GBX 141.50 ($1.75) and a 52 week high of GBX 209.60 ($2.59). The company has a market capitalization of £7.78 billion, a PE ratio of -1,569.09, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. The stock’s fifty day moving average is GBX 173.25 and its two-hundred day moving average is GBX 172.35.

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.