UBS Group Reiterates “Neutral” Rating for South32 (LON:S32)
South32 (LON:S32)‘s stock had its “neutral” rating restated by investment analysts at UBS Group in a report released on Thursday, Stock Target Advisor reports. They presently have a GBX 140 ($1.83) price objective on the stock, down from their previous price objective of GBX 145 ($1.89). UBS Group’s price objective would suggest a potential upside of 5.18% from the company’s current price.
Several other analysts have also issued reports on the stock. Jefferies Financial Group dropped their price target on shares of South32 from GBX 200 ($2.61) to GBX 170 ($2.22) and set a “hold” rating on the stock in a research report on Friday, October 11th. Deutsche Bank reissued a “buy” rating on shares of South32 in a research report on Friday, August 23rd. Finally, Barclays reissued an “overweight” rating on shares of South32 in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 198.33 ($2.59).
LON:S32 opened at GBX 133.10 ($1.74) on Thursday. South32 has a 1-year low of GBX 128.74 ($1.68) and a 1-year high of GBX 215.80 ($2.82). The company has a current ratio of 2.02, a quick ratio of 1.34 and a debt-to-equity ratio of 8.89. The firm has a fifty day simple moving average of GBX 139.05 and a 200 day simple moving average of GBX 156.28. The stock has a market capitalization of $6.56 billion and a PE ratio of 17.51.
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.
Further Reading: S&P/ASX 200 Index
Receive News & Ratings for South32 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 and related companies with MarketBeat.com's FREE daily email newsletter.