South32 Ltd (S32) Receives Consensus Recommendation of “Buy” from Brokerages
South32 Ltd (LON:S32) has received an average rating of “Buy” from the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 225 ($2.94).
A number of brokerages recently commented on S32. Deutsche Bank raised their price target on South32 from GBX 225 ($2.94) to GBX 235 ($3.07) and gave the stock a “buy” rating in a research note on Wednesday. Barclays reissued an “overweight” rating on shares of South32 in a research report on Monday, February 25th. HSBC raised their target price on South32 from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a “buy” rating in a research report on Friday, February 15th. Finally, UBS Group reaffirmed a “buy” rating on shares of South32 in a research report on Friday, January 18th.
LON:S32 opened at GBX 194.93 ($2.55) on Thursday. The company has a market cap of $10.01 billion and a PE ratio of 7.09. South32 has a fifty-two week low of GBX 171.70 ($2.24) and a fifty-two week high of GBX 236 ($3.08). 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 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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