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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 £3.00.
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According to TipRanks, Ravi is a 5-star analyst with an average return of 15.2% and a 62.47% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for South32 with a p251.84 average price target.
Based on South32’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$2.86 billion and a net profit of A$451.14 million. In comparison, last year the company earned a revenue of A$3.19 billion and had a net profit of A$360 million
Read More on GB:S32:
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- South32 outlines strategy update ahead of global metals conference
- 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
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