South32 Ltd (LON:S32)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a note issued to investors on Monday. They currently have a GBX 150 ($1.96) target price on the stock. Macquarie’s target price indicates a potential upside of 7.14% from the stock’s previous close.
Several other brokerages have also recently issued reports on S32. Barclays PLC raised South32 to an “overweight” rating and lifted their target price for the stock from GBX 85 ($1.11) to GBX 160 ($2.09) in a report on Wednesday, September 21st. Jefferies Group lifted their target price on South32 from GBX 110 ($1.44) to GBX 130 ($1.70) and gave the stock a “hold” rating in a report on Tuesday, September 20th. BNP Paribas reissued an “outperform” rating and set a GBX 120 ($1.57) price objective on shares of South32 in a research note on Monday, August 15th. Deutsche Bank AG reissued a “buy” rating and set a GBX 112 ($1.46) price objective on shares of South32 in a research note on Thursday, August 25th. Finally, Citigroup Inc. reissued a “sell” rating and set a GBX 100 ($1.31) price objective on shares of South32 in a research note on Friday, August 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 109.89 ($1.43).
South32 (LON:S32) opened at 139.745209 on Monday. The company’s market cap is GBX 7.44 billion. The stock has a 50 day moving average price of GBX 120.86 and a 200 day moving average price of GBX 95.51. South32 has a 12 month low of GBX 41.25 and a 12 month high of GBX 170.25.
South32 Company Profile
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