South32 (LON:S32) had its price target upped by Deutsche Bank from GBX 170 ($2.31) to GBX 180 ($2.44) in a research note issued to investors on Monday. Deutsche Bank currently has a sell rating on the stock.
A number of other analysts have also recently issued reports on S32. Macquarie restated a neutral rating and set a GBX 190 ($2.58) target price on shares of South32 in a research note on Tuesday, October 10th. Jefferies Group restated a hold rating and set a GBX 200 ($2.71) target price on shares of South32 in a research note on Thursday, October 19th. Barclays restated an overweight rating on shares of South32 in a research note on Tuesday, October 24th. Liberum Capital restated a sell rating and set a GBX 150 ($2.03) target price on shares of South32 in a research note on Friday, November 10th. Finally, Credit Suisse Group restated an outperform rating and set a GBX 180 ($2.44) target price on shares of South32 in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 192.20 ($2.61).
Shares of South32 (S32) opened at GBX 220.05 ($2.98) on Monday. South32 has a 12 month low of GBX 143.25 ($1.94) and a 12 month high of GBX 236 ($3.20).
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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