Barclays PLC upgraded shares of South32 Ltd (LON:S32) to an overweight rating in a report released on Wednesday morning. They currently have GBX 160 ($2.09) target price on the stock, up from their prior target price of GBX 85 ($1.11).
A number of other equities research analysts have also recently commented on S32. Credit Suisse Group AG cut shares of South32 to a neutral rating and set a GBX 90 ($1.17) target price on the stock. in a research note on Tuesday, May 24th. Deutsche Bank AG restated a hold rating on shares of South32 in a research note on Monday, June 6th. BNP Paribas restated an outperform rating and set a GBX 92 ($1.20) target price on shares of South32 in a research note on Wednesday, June 29th. Jefferies Group raised their target price on shares of South32 from GBX 70 ($0.91) to GBX 80 ($1.04) and gave the stock a hold rating in a research note on Thursday, July 7th. Finally, Goldman Sachs Group Inc. restated a conviction-buy rating on shares of South32 in a research note on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 109.89 ($1.43).
Shares of South32 (LON:S32) opened at 140.50 on Wednesday. South32 has a one year low of GBX 41.25 and a one year high of GBX 170.25. The company’s market capitalization is GBX 7.48 billion. The stock has a 50 day moving average of GBX 121.90 and a 200-day moving average of GBX 96.17.
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