Shares of South32 Ltd (LON:S32) have been given an average recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 223 ($2.91).
Several brokerages recently issued reports on S32. UBS Group restated a “buy” rating and issued a GBX 225 ($2.94) target price (up previously from GBX 210 ($2.74)) on shares of South32 in a report on Friday, February 15th. HSBC raised their target price on shares of South32 from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a “buy” rating in a report on Friday, February 15th. Barclays restated an “overweight” rating on shares of South32 in a report on Monday, February 25th. Deutsche Bank dropped their target price on shares of South32 from GBX 230 ($3.01) to GBX 225 ($2.94) and set a “buy” rating on the stock in a report on Friday, January 18th. Finally, Citigroup restated a “buy” rating and issued a GBX 250 ($3.27) target price on shares of South32 in a report on Monday, December 10th.
Shares of S32 opened at GBX 202 ($2.64) on Friday. The company has a market cap of $10.28 billion and a P/E ratio of 7.35. The company has a quick ratio of 1.48, a current ratio of 2.19 and a debt-to-equity ratio of 8.20. South32 has a twelve month low of GBX 171.30 ($2.24) and a twelve month high of GBX 236 ($3.08).
South32 Company Profile
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
Featured Story: What economic reports are most valuable to investors?
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.