South32 Ltd (LON:S32) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 186.33 ($2.61).
A number of analysts have weighed in on the company. Macquarie restated a “neutral” rating and set a GBX 210 ($2.94) target price on shares of South32 in a report on Friday, February 2nd. Deutsche Bank restated a “hold” rating and set a GBX 170 ($2.38) target price on shares of South32 in a report on Friday, October 20th. Barclays restated an “overweight” rating on shares of South32 in a report on Thursday, January 18th. Jefferies Group restated a “hold” rating and set a GBX 200 ($2.80) target price on shares of South32 in a report on Thursday, October 19th. Finally, Citigroup lowered South32 to a “neutral” rating and upped their target price for the stock from GBX 210 ($2.94) to GBX 220 ($3.08) in a report on Thursday, January 18th.
Shares of South32 (LON:S32) opened at GBX 205 ($2.87) on Friday. South32 has a twelve month low of GBX 143.25 ($2.01) and a twelve month high of GBX 236 ($3.31).
South32 Company Profile
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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