South32 (LON:S32) had its target price decreased by Deutsche Bank from GBX 235 ($3.07) to GBX 200 ($2.61) in a report published on Wednesday, Digital Look reports. Deutsche Bank currently has a buy rating on the stock.
S32 has been the topic of several other reports. Barclays reaffirmed an underweight rating on shares of in a research note on Thursday, July 4th. Liberum Capital reaffirmed a buy rating and issued a GBX 810 ($10.58) price objective on shares of in a research note on Wednesday, July 3rd. UBS Group reaffirmed a sell rating on shares of in a research note on Monday, June 24th. Finally, HSBC initiated coverage on Tullow Oil in a research note on Tuesday, May 28th. They issued a hold rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. South32 presently has an average rating of Buy and an average price target of GBX 215 ($2.81).
LON S32 opened at GBX 173.92 ($2.27) on Wednesday. The firm has a market cap of $8.71 billion and a price-to-earnings ratio of 6.32. South32 has a 1-year low of GBX 169 ($2.21) and a 1-year 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. The company has a 50-day moving average price of GBX 177.60.
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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