A statement released earlier today by Macquarie about South32 Limited (LON:S32) raises the target price to 150.00GBX
- Updated: September 19, 2016
Macquarie bumped the target stock price of South32 Limited (LON:S32) to 150GBX, indicating a possible upside of 0.11%.
Just yesterday South32 Limited (LON:S32) traded 2.84% higher at 135.38GBX. S32’s 50-day moving average is 117.73GBX and its 200-day moving average is 93.93GBX. With the last close up 44.78% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time. Volume of trade was down over the average, with 139,816 shares of S32 changing hands under the typical 2,850,310 shares..
See Graph Below:
South32 Limited has a one-year low of 41.25GBX and a one-year high of 170.25GBX and has a market cap of 0.0 GBX.
A total of 13 brokerages have released a ratings update on S32. One analyst rate the company a strong buy, two analysts rate the company a buy, nine firms rate the stock a hold, one brokerage rate the stock to underperform, and lastly one brokeragerate the company as sell with a 12-month target price of 1.10GBX
General Information About South32 Limited (LON:S32)
South32 Limited is an Australia-based metals and mining company. The Company operates through segments, which include Worsley Alumina segment has a bauxite mine and alumina refinery in Western Australia; South Africa Aluminum segment has two aluminum smelters at Richards Bay; Mozal Aluminium segment has Aluminum smelter in Mozambique; Brazil Aluminium segment has Alumina refinery and aluminum smelter in Brazil; South Africa Energy Coal segment has energy coal mines and processing operations in South Africa; Illawarra Metallurgical Coal segment has metallurgical coal mines in southern New South Wales; Australia Manganese segment, a producer of manganese ore in the Northern Territory and manganese alloys in Tasmania; South Africa Manganese segment is a producer of manganese ore and alloy in South Africa; Cerro Matoso segment has laterite ferronickel mining and smelting complex in northern Colombia, and Cannington segment is a silver, and lead and zinc mine located in northwest Queensland.
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