Macquarie Reiterates Outperform Rating for South32 Ltd (S32)

South32 Ltd (LON:S32)‘s stock had its “outperform” rating restated by Macquarie in a note issued to investors on Thursday.

A number of other research analysts also recently commented on S32. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 90 ($1.11) price objective on shares of South32 in a research report on Monday, July 18th. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 85 ($1.05) target price on shares of South32 in a report on Thursday, July 21st. Deutsche Bank AG lifted their target price on shares of South32 from GBX 100 ($1.24) to GBX 102 ($1.26) and gave the stock a “hold” rating in a report on Friday, July 22nd. BNP Paribas reaffirmed an “outperform” rating and set a GBX 120 ($1.49) target price on shares of South32 in a report on Monday, August 15th. Finally, Jefferies Group lifted their target price on shares of South32 from GBX 80 ($0.99) to GBX 110 ($1.36) and gave the stock a “hold” rating in a report on Tuesday, August 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. South32 currently has an average rating of “Hold” and a consensus target price of GBX 116.70 ($1.45).

Analyst Recommendations for South32 (LON:S32)

Shares of South32 (LON:S32) opened at 169.25 on Thursday. The company’s market capitalization is GBX 9.01 billion. South32 has a 52 week low of GBX 41.25 and a 52 week high of GBX 176.69. The firm’s 50-day moving average is GBX 153.60 and its 200 day moving average is GBX 112.85.

About South32

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