Barclays PLC Reaffirms Overweight Rating for South32 Ltd (S32)
South32 Ltd (LON:S32)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays PLC in a research report issued on Friday. They currently have a GBX 210 ($2.72) price target on the stock. Barclays PLC’s price objective would suggest a potential upside of 25.75% from the company’s previous close.
Several other brokerages have also commented on S32. Jefferies Group LLC lowered shares of South32 to a “hold” rating and dropped their price target for the company from GBX 225 ($2.91) to GBX 170 ($2.20) in a research note on Thursday, June 8th. Macquarie reiterated an “outperform” rating and issued a GBX 200 ($2.59) price target on shares of South32 in a research note on Thursday, May 11th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 180 ($2.33) price target on shares of South32 in a research note on Tuesday, June 27th. Deutsche Bank AG dropped their price target on shares of South32 from GBX 162 ($2.10) to GBX 153 ($1.98) and set a “hold” rating on the stock in a research note on Friday, March 17th. Finally, HSBC Holdings plc reiterated a “buy” rating and issued a GBX 205 ($2.66) price target on shares of South32 in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 171.09 ($2.22).
South32 (LON S32) opened at 167.00 on Friday. The stock has a 50 day moving average of GBX 155.62 and a 200-day moving average of GBX 162.53. South32 has a 12 month low of GBX 86.75 and a 12 month high of GBX 184.00. The stock’s market cap is GBX 8.88 billion.
South32 Company Profile
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