South32 Ltd. (OTC:SOUHY) – Research analysts at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of South32 in a research note issued on Friday. Jefferies Group analyst C. Lafemina now forecasts that the company will earn $0.90 per share for the year, down from their prior forecast of $0.95. Jefferies Group currently has a “Hold” rating on the stock.
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Separately, HSBC Holdings plc downgraded shares of South32 from a “buy” rating to a “hold” rating in a report on Friday.
Shares of South32 (SOUHY) opened at 10.89 on Monday. South32 has a 52 week low of $6.63 and a 52 week high of $11.41. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 15.45 and a beta of 1.58. The stock’s 50 day moving average price is $9.94 and its 200-day moving average price is $10.19.
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