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Citi Sticks to Their Buy Rating for South32 (S32)
Citi analyst Ephrem Ravi maintained a Buy rating on South32 today and set a price target of A$5.40.
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According to TipRanks, Ravi is a 5-star analyst with an average return of 15.6% and a 62.80% success rate.
In addition to Citi, South32 also received a Buy from Morgan Stanley’s Rahul Anand in a report issued yesterday. However, on April 14, HSBC maintained a Hold rating on South32 (LSE: S32).
S32 market cap is currently A$19.64B and has a P/E ratio of 5.91.
Read More on GB:S32:
Disclaimer & DisclosureReport an Issue
- South32 balances safety setback with cash generation and Hermosa growth push
- South32 Reports Lapse of Over 1.1 Million Conditional Rights
- South32 Issues 452,944 New Shares on Conversion of Unquoted Securities
- South32 Issues Unquoted Rights Under Employee Incentive Scheme
- South32 Names Sinead Kaufman to Board, Files Initial Interest Notice
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