South32 (S32) Lifted to Neutral at Credit Suisse Group

South32 (LON:S32) was upgraded by investment analysts at Credit Suisse Group to a “neutral” rating in a research report issued on Monday.

A number of other research firms have also recently commented on S32. Deutsche Bank lifted their target price on South32 from GBX 170 ($2.35) to GBX 180 ($2.49) and gave the stock a “sell” rating in a research report on Monday, January 15th. Barclays reiterated an “overweight” rating on shares of South32 in a research report on Thursday, January 18th. Citigroup cut South32 to a “neutral” rating and lifted their target price for the stock from GBX 210 ($2.90) to GBX 220 ($3.04) in a research report on Thursday, January 18th. Macquarie reiterated a “neutral” rating and set a GBX 210 ($2.90) target price on shares of South32 in a research report on Friday, February 2nd. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 90 ($1.24) target price on shares of South32 in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. South32 currently has a consensus rating of “Hold” and an average price target of GBX 188.56 ($2.61).

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Shares of South32 stock opened at GBX 181 ($2.50) on Monday. South32 has a 52-week low of GBX 143.25 ($1.98) and a 52-week high of GBX 236 ($3.26).

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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.

Analyst Recommendations for South32 (LON:S32)

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