South32 Ltd (LON:S32)‘s stock had its “outperform” rating reaffirmed by stock analysts at BNP Paribas in a research report issued to clients and investors on Thursday. They currently have a GBX 130 ($1.70) price target on the stock. BNP Paribas’ price target suggests a potential downside of 14.47% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of South32 in a research report on Monday, July 11th. Jefferies Group upped 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 report on Thursday, July 7th. Barclays PLC raised shares of South32 to an “overweight” rating and upped their target price for the stock from GBX 85 ($1.11) to GBX 160 ($2.09) in a research report on Wednesday, September 21st. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 109 ($1.42) price target on shares of South32 in a research note on Monday, September 5th. Finally, Macquarie reiterated an “underperform” rating and issued a GBX 80 ($1.04) price target on shares of South32 in a research note on Monday, August 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. South32 has an average rating of “Hold” and a consensus price target of GBX 110.89 ($1.45).
South32 (LON:S32) opened at 150.25 on Thursday. South32 has a 1-year low of GBX 41.25 and a 1-year high of GBX 170.25. The stock has a 50 day moving average of GBX 128.96 and a 200 day moving average of GBX 99.98. The stock’s market cap is GBX 8.00 billion.
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