South32 Ltd (S32) Price Target Increased to GBX 118 by Analysts at Deutsche Bank AG
South32 Ltd (LON:S32) had its price objective hoisted by stock analysts at Deutsche Bank AG from GBX 109 ($1.42) to GBX 118 ($1.54) in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential downside of 22.37% from the stock’s current price.
Several other research firms have also recently commented on S32. Citigroup Inc. reissued a “sell” rating and issued a GBX 100 ($1.31) price target on shares of South32 in a report on Friday, August 26th. Macquarie reissued an “underperform” rating and issued a GBX 90 ($1.17) price target on shares of South32 in a report on Tuesday, August 30th. Barclays PLC reissued an “equal weight” rating and issued a GBX 85 ($1.11) price target on shares of South32 in a report on Thursday, August 25th. BNP Paribas reissued an “outperform” rating and issued a GBX 130 ($1.70) price target on shares of South32 in a report on Tuesday, August 30th. Finally, Jefferies Group raised their price target on South32 from GBX 80 ($1.04) to GBX 110 ($1.44) and gave the company a “hold” rating in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 110.89 ($1.45).
South32 (LON:S32) traded down 0.82% during midday trading on Wednesday, hitting GBX 152.00. The stock had a trading volume of 8,705,231 shares. South32 has a 12-month low of GBX 41.25 and a 12-month high of GBX 170.25. The firm’s market cap is GBX 8.09 billion. The stock has a 50-day moving average price of GBX 128.96 and a 200 day moving average price of GBX 99.98.
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South32 Company Profile
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