South32 (S32) Rating Reiterated by Deutsche Bank
A number of other brokerages also recently commented on S32. Barclays reaffirmed an overweight rating on shares of South32 in a research report on Thursday, January 18th. Citigroup downgraded South32 to a neutral rating and boosted their price target for the company from GBX 210 ($2.90) to GBX 220 ($3.04) in a research report on Thursday, January 18th. Macquarie reissued a neutral rating and set a GBX 210 ($2.90) price target on shares of South32 in a research report on Friday, February 2nd. Liberum Capital reaffirmed a sell rating and issued a GBX 90 ($1.24) target price on shares of South32 in a research report on Thursday, February 15th. Finally, Jefferies Group reaffirmed a hold rating and issued a GBX 200 ($2.76) target price on shares of South32 in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 188.56 ($2.61).
South32 (LON S32) traded down GBX 0.80 ($0.01) during midday trading on Friday, hitting GBX 179.90 ($2.49). The stock had a trading volume of 2,067,227 shares, compared to its average volume of 3,650,000. South32 has a 12 month low of GBX 143.25 ($1.98) and a 12 month high of GBX 236 ($3.26).
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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