Shares of South32 Ltd (LON:S32) have earned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 226 ($2.95).
A number of brokerages recently issued reports on S32. Barclays restated an “overweight” rating on shares of South32 in a report on Wednesday. HSBC boosted their price objective on shares of South32 from GBX 230 ($3.01) to GBX 235 ($3.07) and gave the company a “buy” rating in a report on Tuesday, April 16th. Deutsche Bank boosted their price objective on shares of South32 from GBX 225 ($2.94) to GBX 235 ($3.07) and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, UBS Group restated a “buy” rating on shares of South32 in a report on Friday, January 18th.
LON S32 traded down GBX 3.60 ($0.05) during trading on Monday, reaching GBX 174.40 ($2.28). 655,766 shares of the stock traded hands, compared to its average volume of 3,660,000. The stock has a market cap of $9.04 billion and a P/E ratio of 6.34. The company has a debt-to-equity ratio of 8.20, a quick ratio of 1.48 and a current ratio of 2.19. South32 has a fifty-two week low of GBX 171.70 ($2.24) and a fifty-two week high of GBX 236 ($3.08).
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.
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