In a report released on October 8, Kaan Peker from RBC Capital maintained a Buy rating on South32. The company’s shares closed yesterday at p157.00.
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Peker covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Sandfire Resources Limited, and Pilbara Minerals . According to TipRanks, Peker has an average return of 2.6% and a 51.67% success rate on recommended stocks.
In addition to RBC Capital, South32 also received a Buy from Morgan Stanley’s Rahul Anand in a report issued on October 8. However, yesterday, Goldman Sachs maintained a Hold rating on South32 (LSE: S32).
S32 market cap is currently £6.46B and has a P/E ratio of 32.60.
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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