South32’s (S32) Outperform Rating Reaffirmed at Macquarie

South32 Ltd (LON:S32)‘s stock had its “outperform” rating reissued by equities researchers at Macquarie in a research note issued to investors on Monday. They currently have a GBX 150 ($1.86) price target on the stock. Macquarie’s price objective indicates a potential downside of 3.85% from the company’s previous close.

Several other brokerages also recently commented on S32. Deutsche Bank AG lifted their target price on shares of South32 from GBX 109 ($1.35) to GBX 118 ($1.46) and gave the stock a “hold” rating in a report on Wednesday, October 5th. BNP Paribas reiterated an “outperform” rating and issued a GBX 130 ($1.61) target price on shares of South32 in a report on Thursday, October 6th. Jefferies Group raised their price target on shares of South32 from GBX 130 ($1.61) to GBX 140 ($1.73) and gave the stock a “hold” rating in a research report on Friday. Finally, Barclays PLC upgraded shares of South32 to an “overweight” rating and raised their price target for the stock from GBX 85 ($1.05) to GBX 160 ($1.98) in a research report on Wednesday, September 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. South32 currently has an average rating of “Hold” and a consensus price target of GBX 112 ($1.39).

Analyst Recommendations for South32 (LON:S32)

Shares of South32 (LON:S32) opened at 154.5625 on Monday. The firm has a 50 day moving average of GBX 133.55 and a 200 day moving average of GBX 102.30. The firm’s market cap is GBX 8.23 billion. South32 has a 52 week low of GBX 41.25 and a 52 week high of GBX 170.25.

About South32

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