Morgan Stanley Reaffirms Their Buy Rating on South32 (S32)
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In addition to Morgan Stanley, South32 also received a Buy from Macquarie's Hayden Bairstow in a report issued on July 10. However, today, UBS maintained a Hold rating on South32 (LSE: S32).
Based on South32's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p3.19 billion and a net profit of p360 million. In comparison, last year the company earned a revenue of p3.19 billion and had a net profit of p53 million
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of S32 in relation to earlier this year.
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Bloomberg
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