Citigroup Lowers South32 (S32) to Neutral

Citigroup cut shares of South32 (LON:S32) to a neutral rating in a research note issued to investors on Thursday. The brokerage currently has GBX 220 ($2.98) price target on the stock, up from their prior price target of GBX 210 ($2.85).

Several other equities research analysts have also issued reports on S32. Liberum Capital reissued a sell rating and set a GBX 150 ($2.03) price target on shares of South32 in a research report on Friday, November 10th. Deutsche Bank reissued a hold rating and set a GBX 170 ($2.31) price target on shares of South32 in a research report on Friday, October 20th. Macquarie reissued a neutral rating and set a GBX 200 ($2.71) price target on shares of South32 in a research report on Friday, October 20th. Barclays upped their price target on South32 from GBX 245 ($3.32) to GBX 265 ($3.59) and gave the company an overweight rating in a research report on Monday, January 8th. Finally, Jefferies Group reissued a hold rating and set a GBX 200 ($2.71) price target 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 193.20 ($2.62).

South32 (S32) opened at GBX 216.40 ($2.93) on Thursday. South32 has a 52-week low of GBX 143.25 ($1.94) and a 52-week high of GBX 236 ($3.20).

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About South32

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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