South32 Ltd (LON:S32) had its price objective hoisted by equities researchers at Jefferies Group from GBX 130 ($1.58) to GBX 140 ($1.71) in a research note issued on Friday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential downside of 10.11% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Macquarie reaffirmed an “underperform” rating and issued a GBX 90 ($1.10) price objective on shares of South32 in a research report on Monday, September 5th. Deutsche Bank AG reissued a “buy” rating and set a GBX 112 ($1.37) target price on shares of South32 in a research report on Thursday, August 25th. BNP Paribas reissued an “outperform” rating and set a GBX 120 ($1.46) target price on shares of South32 in a research report on Tuesday, August 23rd. Citigroup Inc. reissued a “sell” rating and set a GBX 100 ($1.22) target price on shares of South32 in a research report on Friday, August 26th. Finally, Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of South32 in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. South32 presently has a consensus rating of “Hold” and a consensus price target of GBX 112 ($1.37).
South32 (LON:S32) opened at 158.125 on Friday. The company’s market cap is GBX 8.41 billion. The company’s 50-day moving average is GBX 135.22 and its 200-day moving average is GBX 103.17. South32 has a 12 month low of GBX 41.25 and a 12 month high of GBX 170.25.
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