South32 Ltd (S32) Given New GBX 140 Price Target at Jefferies Group
South32 Ltd (LON:S32) had its price objective lifted by research analysts at Jefferies Group from GBX 130 ($1.61) to GBX 140 ($1.73) in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s target price suggests a potential downside of 6.35% from the company’s previous close.
Several other research firms have also recently weighed in on S32. Deutsche Bank AG boosted their price objective on South32 from GBX 109 ($1.35) to GBX 118 ($1.46) and gave the stock a “hold” rating in a research report on Wednesday, October 5th. BNP Paribas reissued an “outperform” rating and issued a GBX 130 ($1.61) price objective on shares of South32 in a research report on Thursday, October 6th. Macquarie reaffirmed an “outperform” rating and set a GBX 150 ($1.86) price target on shares of South32 in a research report on Monday, September 26th. Finally, Barclays PLC raised South32 to an “overweight” rating and upped their price target for the company 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 given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. South32 has an average rating of “Hold” and an average target price of GBX 112 ($1.39).
Shares of South32 (LON:S32) opened at 153.78 on Friday. South32 has a 1-year low of GBX 41.25 and a 1-year high of GBX 170.25. The firm’s market capitalization is GBX 8.18 billion. The company has a 50-day moving average price of GBX 132.54 and a 200 day moving average price of GBX 101.94.
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