South32 (LON:S32) Given New GBX 3,200 Price Target at Citigroup

South32 (LON:S32) had its price target hoisted by Citigroup from GBX 3,000 to GBX 3,200 in a research note issued to investors on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock.

South32 Trading Up 0.7%

South32 stock opened at GBX 243.20 on Monday. South32 has a 1-year low of GBX 123.24 and a 1-year high of GBX 265. The firm has a market capitalization of £10.89 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 7.26 and a beta of 0.70. The firm has a 50 day simple moving average of GBX 234.06 and a 200 day simple moving average of GBX 213.77.

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.