Macquarie Reaffirms Outperform Rating for South32 Ltd (S32)

Macquarie reaffirmed their outperform rating on shares of South32 Ltd (LON:S32) in a research note issued to investors on Wednesday morning.

S32 has been the topic of several other reports. Barclays PLC raised South32 to an overweight rating and upped their price target for the company from GBX 85 ($1.03) to GBX 160 ($1.93) in a research report on Wednesday, September 21st. Deutsche Bank AG reissued a hold rating on shares of South32 in a research report on Tuesday, November 1st. Jefferies Group raised South32 to a buy rating in a research report on Thursday, November 10th. Credit Suisse Group AG reissued a neutral rating and set a GBX 160 ($1.93) price target on shares of South32 in a research report on Wednesday, December 7th. Finally, Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 155 ($1.87) price target on shares of South32 in a research report on Friday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 135.50 ($1.63).

Shares of South32 (LON:S32) opened at 156.00 on Wednesday. The firm’s 50 day moving average is GBX 165.99 and its 200 day moving average is GBX 141.68. The stock’s market capitalization is GBX 8.30 billion. South32 has a 12 month low of GBX 46.00 and a 12 month high of GBX 181.00.

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South32 Company Profile

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