In a report released today, Robert Stein from Macquarie maintained a Hold rating on South32, with a price target of A$2.80. The company’s shares closed today at p157.00.
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According to TipRanks, Stein is a 3-star analyst with an average return of 3.2% and a 55.49% success rate. Stein covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Iluka Resources Limited, and Liontown Resources Limited.
In addition to Macquarie, South32 also received a Hold from Goldman Sachs’s Paul Young in a report issued today. However, yesterday, Morgan Stanley maintained a Buy rating on South32 (LSE: S32).
The company has a one-year high of p199.90 and a one-year low of p117.00. Currently, South32 has an average volume of 377.4K.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of S32 in relation to earlier this year.
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