Barclays Sticks to Its Buy Rating for South32 (S32)
Barclays analyst Ian Rossouw CFA maintained a Buy rating on South32 yesterday. The company’s shares opened today at A$4.28.
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According to TipRanks, Rossouw CFA is a 5-star analyst with an average return of 13.8% and a 58.02% success rate. Rossouw CFA covers the Basic Materials sector, focusing on stocks such as South32, First Quantum Minerals, and Antofagasta.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for South32 with a p247.85 average price target, representing a 5,690.89% upside. In a report released yesterday, Morgans also maintained a Buy rating on the stock with a A$5.00 price target.
The company has a one-year high of A$4.91 and a one-year low of A$2.52. Currently, South32 has an average volume of 15.89M.
Read More on GB:S32:
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- South32 lifts Hermosa Taylor mine life, capex and delays ramp-up to FY31
- 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
