South32 (S32) Stock Rating Lowered by Citigroup
Citigroup downgraded shares of South32 (LON:S32) to a neutral rating in a research note published on Thursday morning. The brokerage currently has GBX 220 ($2.98) price target on the stock, up from their prior price target of GBX 210 ($2.85).
A number of other equities analysts have also commented on the stock. Barclays reaffirmed an overweight rating on shares of South32 in a research report on Thursday. Deutsche Bank raised their price target on shares of South32 from GBX 170 ($2.31) to GBX 180 ($2.44) and gave the stock a sell rating in a research report on Monday, January 15th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 180 ($2.44) price target on shares of South32 in a research report on Wednesday, November 15th. Liberum Capital reaffirmed a sell rating and set a GBX 150 ($2.03) price target on shares of South32 in a research report on Friday, November 10th. Finally, Macquarie reaffirmed a neutral rating and set a GBX 200 ($2.71) price target on shares of South32 in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 193.20 ($2.62).
South32 (LON S32) traded up GBX 3.20 ($0.04) during trading hours on Thursday, reaching GBX 221.60 ($3.01). South32 has a 1 year low of GBX 143.25 ($1.94) and a 1 year high of GBX 236 ($3.20).
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South32 Limited is a metals and mining company. The Company’s segments include Worsley Alumina, which includes an integrated bauxite mine and alumina refinery in Western Australia; South Africa Aluminium, which includes an aluminum smelter in Richards Bay; Brazil Alumina, which includes an alumina refinery in Brazil; Mozal Aluminium, including an aluminum smelter in Mozambique; South Africa Energy Coal, including open-cut and underground energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal, which includes underground metallurgical coal mines in New South Wales; Australia Manganese, which produces manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese, which produces manganese ore and alloy in South Africa; Cerro Matoso, including an integrated laterite ferronickel mining and smelting complex in Colombia, and Cannington, including silver, lead and zinc mine in Queensland.
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