Shares of South32 Ltd (LON:S32) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 195 ($2.55).
S32 has been the subject of several research reports. Deutsche Bank reaffirmed a “buy” rating on shares of South32 in a research note on Friday, August 23rd. Jefferies Financial Group decreased their target price on shares of South32 from GBX 200 ($2.61) to GBX 170 ($2.22) and set a “hold” rating on the stock in a research note on Friday, October 11th. UBS Group restated a “neutral” rating and set a GBX 140 ($1.83) target price (down from GBX 145 ($1.89)) on shares of South32 in a report on Thursday. Finally, Barclays restated an “overweight” rating on shares of South32 in a report on Wednesday, October 30th.
Shares of LON:S32 traded down GBX 2.90 ($0.04) during midday trading on Friday, hitting GBX 134.50 ($1.76). The company’s stock had a trading volume of 1,001,463 shares, compared to its average volume of 3,660,000. The company has a market cap of $6.63 billion and a P/E ratio of 17.70. South32 has a 12-month low of GBX 128.74 ($1.68) and a 12-month high of GBX 215.80 ($2.82). The business’s 50 day simple moving average is GBX 138.95 and its 200 day simple moving average is GBX 156.80. The company has a debt-to-equity ratio of 8.89, a quick ratio of 1.34 and a current ratio of 2.02.
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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