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Barclays Sticks to Its Buy Rating for South32 (S32)

Tipranks - Thu Feb 19, 8:04AM CST

Barclays analyst Ian Rossouw CFA maintained a Buy rating on South32 yesterday and set a price target of £2.40.

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Rossouw CFA covers the Basic Materials sector, focusing on stocks such as Glencore, First Quantum Minerals, and South32. According to TipRanks, Rossouw CFA has an average return of 14.2% and a 58.25% success rate on recommended stocks.

In addition to Barclays, South32 also received a Buy from TipRanks – DeepSeek’s DeepSeek Materials GB in a report issued yesterday. However, on February 10, Citi maintained a Hold rating on South32 (LSE: S32).

The company has a one-year high of A$4.91 and a one-year low of A$2.47. Currently, South32 has an average volume of 20.01M.

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