Shares of South32 Ltd (LON:S32) have earned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 179 ($2.47).
S32 has been the subject of a number of research reports. Liberum Capital restated a “sell” rating and set a GBX 150 ($2.07) target price on shares of South32 in a research report on Friday, November 10th. Citigroup upgraded shares of South32 to a “buy” rating and set a GBX 210 ($2.90) target price for the company in a research report on Tuesday, December 5th. Deutsche Bank boosted their target price on shares of South32 from GBX 170 ($2.35) to GBX 180 ($2.49) and gave the company a “sell” rating in a research report on Monday, January 15th. Barclays lifted their price objective on shares of South32 from GBX 245 ($3.38) to GBX 265 ($3.66) and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, Macquarie reaffirmed a “neutral” rating and issued a GBX 210 ($2.90) price objective on shares of South32 in a report on Friday, February 2nd.
South32 (S32) traded up GBX 0.80 ($0.01) during midday trading on Wednesday, reaching GBX 182 ($2.51). 5,147,544 shares of the company were exchanged, compared to its average volume of 3,510,000. South32 has a 52 week low of GBX 143.25 ($1.98) and a 52 week high of GBX 236 ($3.26).
WARNING: This news story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://stocknewstimes.com/2018/03/10/brokerages-set-south32-ltd-s32-price-target-at-179-00.html.
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.
Receive News & Ratings for South32 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 and related companies with MarketBeat.com's FREE daily email newsletter.