South32 Share News (S32)

Broker tips: Cranswick, miners, Tullett Prebon

(ShareCast News) - Cranswick's shares were under the cosh on Monday as Numis downgraded the food producer's stock to 'hold' from 'add' and cut the target price to 2,311p from 2,536p. While the company last week revealed a strong set of first half results, Numis noted the market's increased wariness

Citigroup turns bullish on Western European miners

(ShareCast News) - Citigroup adjusted its ratings on a number of mining stocks on Monday as it upgraded its view on the Western European metals and mining sector to 'bullish' from 'bearish'. The bank said it now sees a more robust outlook for next year for the commodity complex, especially the bulks

BROKER RATINGS SUMMARY: Citi Raises BHP, Anglo, Rio Tinto And South32

BROKER RATINGS SUMMARY: Goldman And Deutsche Raise Miner Price Targets

Monday broker round-up

(ShareCast News) - Acacia Mining: JP Morgan keeps at overweight with a target price of 620p. Indivior: Jefferies stays at buy, 450p target. Centrica: Berenberg reiterates buy with a 240p target. South 32: Deutsche Bank reiterates hold with a 122p target. Glencore: JP Morgan keeps at neutral with

BROKER RATINGS SUMMARY: JPMorgan Raises Price Targets For Miners

Friday broker round-up

(ShareCast News) - Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p. Smith & Nephew: Jefferies stays at buy, 1395p target. Merlin Entertainments: Berenberg starts coverage with a 440p target. South 32: Barclays reiterates overweight with a 200p target. Ladbrokes: UBS keep

South32 buys Australian Metropolitan colliery from Peabody

(ShareCast News) - South32 has agreed to acquire the Metropolitan Colliery, an underground metallurgical coal operation and associated interest in a nearby port terminal, for US$200m from beleaguered US giant Peabody Energy. As well as the cash payment, the two companies agreed a mechanism where the

Sector movers: Macquarie delivers boost for miners

(ShareCast News) - Media and mining stocks paced gains at the start of the week. Advertising colossus WPP reported that quarterly revenues grew 23.4%, with over 15 percentage points of that growth rate coming from currency translation effects as the pound weakened. Indeed, LFL net sales growth was

South32 warns on Illawarra Metallurgical Coal production

(ShareCast News) - Diversified miner South32 said production at its Illawarra Metallurgical Coal operation in Australia will be affected by the temporary suspension of its Appin Area 9 longwall and lower rates of production at the Appin Area 7 longwall. The company -- whose shares were up 4.03% to 1

BROKER RATINGS SUMMARY: HSBC Raises IAG To Hold From Reduce

Broker tips: Jupiter Fund, McCarthy & Stone, miners

(ShareCast News) - Jupiter Fund Management got a boost on Tuesday as Barclays upgraded the stock to 'overweight' from 'equalweight' and lifted the price target to 525p from 420p to reflect a sector re-rating and earnings per share upgrades. The bank said Jupiter had "remarkably resilient" net inflow

UBS downgrades BHP and South32, ups Anglo

(ShareCast News) - UBS downgraded BHP Billiton to 'neutral' from 'buy' as it took a look at the mining sector, lifting the price target to 1,300p from 1,200p, saying the risk/reward was now balanced after a strong recovery in the share price. It noted the stock is up 63% year-to-date, outperforming

Sector movers: Miners boosted by positive broker views

(ShareCast News) - Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space. Barclays upgraded its view on Anglo American and Kaz Minerals, to 'equalweight' from 'underweight' in both cases. On Anglo American, the broker

Barclays upgrades Anglo American, Kaz as it reviews mining sector

(ShareCast News) - Barclays upgraded Anglo American to 'equalweight' from 'underweight' and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position th