South32 Ltd (S32) Given Average Recommendation of “Buy” by Analysts
South32 Ltd (LON:S32) has received an average rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 213 ($2.78).
A number of brokerages have issued reports on S32. UBS Group raised shares of South32 to a “buy” rating and cut their target price for the stock from GBX 215 ($2.81) to GBX 210 ($2.74) in a report on Wednesday. Barclays reissued an “overweight” rating on shares of South32 in a report on Friday, October 12th. Deutsche Bank reissued a “buy” rating on shares of South32 in a report on Monday, October 15th. Citigroup raised shares of South32 to a “buy” rating and raised their target price for the stock from GBX 205 ($2.68) to GBX 230 ($3.01) in a report on Friday, August 24th. Finally, HSBC raised shares of South32 to a “buy” rating and raised their target price for the stock from GBX 225 ($2.94) to GBX 230 ($3.01) in a report on Wednesday, October 31st.
LON:S32 opened at GBX 176.70 ($2.31) on Friday. South32 has a one year low of GBX 143.25 ($1.87) and a one year high of GBX 236 ($3.08).
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
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