South32 Ltd (S32) Upgraded to “Overweight” by Barclays PLC
South32 Ltd (LON:S32) was upgraded by investment analysts at Barclays PLC to an “overweight” rating in a report issued on Wednesday. The firm presently has a GBX 160 ($2.09) target price on the stock, up from their prior target price of GBX 85 ($1.11). Barclays PLC’s price objective would suggest a potential upside of 17.43% from the company’s current price.
Several other brokerages also recently weighed in on S32. BNP Paribas reissued an “outperform” rating and set a GBX 120 ($1.57) price target on shares of South32 in a research report on Tuesday, August 23rd. Jefferies Group raised their price target on shares of South32 from GBX 70 ($0.91) to GBX 80 ($1.04) and gave the company a “hold” rating in a research report on Thursday, July 7th. Deutsche Bank AG reissued a “hold” rating on shares of South32 in a research report on Tuesday, July 12th. Macquarie restated an “underperform” rating and issued a GBX 80 ($1.04) target price on shares of South32 in a report on Monday, August 22nd. Finally, Citigroup Inc. restated a “sell” rating and issued a GBX 100 ($1.31) target price on shares of South32 in a report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. South32 currently has a consensus rating of “Hold” and an average target price of GBX 109.89 ($1.43).
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South32 (LON:S32) opened at 138.35 on Wednesday. South32 has a 12-month low of GBX 41.25 and a 12-month high of GBX 170.25. The stock has a 50 day moving average of GBX 118.23 and a 200 day moving average of GBX 94.41. The company’s market cap is GBX 7.36 billion.
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