South32 (LON:S32) had its target price hoisted by equities research analysts at Deutsche Bank from GBX 170 ($2.38) to GBX 180 ($2.52) in a research report issued on Monday, January 15th. The firm presently has a “sell” rating on the stock. Deutsche Bank’s target price points to a potential downside of 13.79% from the company’s current price.
Several other research firms have also recently issued reports on S32. Liberum Capital reissued a “sell” rating and issued a GBX 150 ($2.10) target price on shares of South32 in a research note on Friday, November 10th. Citigroup raised South32 to a “buy” rating and set a GBX 210 ($2.94) price objective on the stock in a research report on Tuesday, December 5th. Macquarie reaffirmed a “neutral” rating and set a GBX 200 ($2.80) price objective on shares of South32 in a research report on Friday, October 20th. Barclays lifted their price objective on South32 from GBX 245 ($3.44) to GBX 265 ($3.72) and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 200 ($2.80) price objective on shares of South32 in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. South32 has an average rating of “Hold” and an average target price of GBX 194.20 ($2.72).
South32 (LON:S32) traded down GBX 3.40 ($0.05) during midday trading on Monday, hitting GBX 208.80 ($2.93). The company had a trading volume of 3,544,638 shares, compared to its average volume of 2,110,000. South32 has a 12 month low of GBX 143.25 ($2.01) and a 12 month high of GBX 236 ($3.31).
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South32 Company Profile
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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