South32 (LON:S32) had its price target cut by HSBC from GBX 230 ($3.01) to GBX 220 ($2.87) in a report released on Tuesday, May 28th, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
A number of other research analysts have also recently commented on the company. Barclays reaffirmed an overweight rating on shares of South32 in a research note on Wednesday, May 8th. Deutsche Bank upped their target price on South32 from GBX 225 ($2.94) to GBX 235 ($3.07) and gave the company a buy rating in a research note on Wednesday, April 10th. Finally, UBS Group reaffirmed a buy rating and set a GBX 225 ($2.94) target price (up previously from GBX 210 ($2.74)) on shares of South32 in a research note on Friday, February 15th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus price target of GBX 232 ($3.03).
LON S32 traded up GBX 2 ($0.03) during trading hours on Tuesday, hitting GBX 178 ($2.33). 1,330,692 shares of the company were exchanged, compared to its average volume of 3,660,000. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.19 and a quick ratio of 1.48. South32 has a 52 week low of GBX 171.70 ($2.24) and a 52 week high of GBX 236 ($3.08). The stock has a market capitalization of $9.06 billion and a P/E ratio of 6.47.
South32 Company Profile
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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