Deutsche Bank Boosts South32 (S32) Price Target to GBX 180
South32 (LON:S32) had its price target hoisted by Deutsche Bank from GBX 170 ($2.31) to GBX 180 ($2.44) in a research report released on Monday. Deutsche Bank currently has a sell rating on the stock.
Several other research analysts also recently commented on the company. Citigroup raised their price objective on South32 from GBX 190 ($2.58) to GBX 200 ($2.71) and gave the stock a neutral rating in a report on Friday, November 17th. Liberum Capital restated a sell rating and set a GBX 150 ($2.03) price objective on shares of South32 in a report on Friday, November 10th. Credit Suisse Group restated an outperform rating and set a GBX 180 ($2.44) price objective on shares of South32 in a report on Wednesday, November 15th. Barclays restated an overweight rating on shares of South32 in a report on Tuesday, October 24th. Finally, Macquarie restated a neutral rating and set a GBX 200 ($2.71) price objective on shares of South32 in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 193.20 ($2.62).
South32 (S32) traded up GBX 3.20 ($0.04) on Monday, reaching GBX 221.60 ($3.01). The company’s stock had a trading volume of 2,872,169 shares, compared to its average volume of 1,670,000. South32 has a one year low of GBX 143.25 ($1.94) and a one year 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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