LOGIN JOIN SHARECAFE SIGN UP FOR OUR NEWSLETTER ADVERTISE
share cafe logo  
 
SHARECAFE COMMENTARY

S32 - UBS rates the stock as Downgrade to Neutral
BY BROKER NEWS - 06/10/2017 | VIEW MORE BROKER UPDATES

Get More Commentary, Discussion & Market Information On -

S32 - SOUTH32 LIMITED


UBS believes the stock has run too hard for now and aluminium/alumina, metallurgical coal and manganese remain vulnerable to the correction seen in copper and iron ore.

The broker downgrades to Neutral from Buy. Target is raised to $3.25 from $3.00.

The stock is appreciated for its cash balance sheet and 20% free cash flow yield at spot prices but UBS would have liked to see more cash returns to shareholders, and remains concerns about operations at Illawarra and Cannington.

Sector: Materials.

Target price is $3.25.Current Price is $3.29. Difference: ($0.04) - (brackets indicate current price is over target). If S32 meets the UBS target it will return approximately -1% (excluding dividends, fees and charges - negative figures indicate an expected loss)



View More Broker Updates

FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.




The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

RECENTLY ADDED TO SHARECAFE


 › Marcus Today End Of Day Report
 › Friday At The Close
 › Hub24 Building Solid Platform
 › Rectifier Technologies: Charging Up Electric Vehicles
 › Lepidico Lures Investors Into A New Galaxy Where Lithium Is Free
 › Xi's China
 › New Gold Deal Underlines Rimfire Potential
 › When Will The Markets Stall?
 › Market At Midday On Friday
 › Next Week At A Glance
 › Overnight: Happy Anniversary
 › With Records Being Smashed, Should You Call Time On This Bull Market?
 › Blockchain Gets Personal
 › What Needs To Happen For Markets To Fall
More ShareCafe   

GET THE SHARECAFE BREAKFAST BRIEFING


Delivered free to your inbox before the market opens each trading day. Sign up below +

SHARECAFE VIDEO


View More Videos