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Barclays Releases a Buy Rating on South32 (S32)

Tipranks - Tue Apr 21, 10:18PM CDT

In a report released yesterday, Ian Rossouw CFA from Barclays assigned a Buy rating to South32. The company’s shares closed yesterday at A$4.39.

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Rossouw CFA covers the Basic Materials sector, focusing on stocks such as South32, Glencore, and Antofagasta. According to TipRanks, Rossouw CFA has an average return of 14.8% and a 59.09% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for South32 with a p263.12 average price target, a 5,893.62% upside from current levels. In a report released on April 15, Morgan Stanley also maintained a Buy rating on the stock with a A$5.00 price target.

S32 market cap is currently A$20.72B and has a P/E ratio of 5.91.

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