South32 Ltd (LON:S32) was downgraded by equities research analysts at HSBC Holdings plc to a “hold” rating in a note issued to investors on Friday. They currently have a GBX 175 ($2.27) price objective on the stock, down from their previous price objective of GBX 190 ($2.46). HSBC Holdings plc’s target price would indicate a potential upside of 4.79% from the stock’s current price.

A number of other brokerages have also issued reports on S32. Jefferies Group LLC lowered South32 to a “hold” rating and decreased their target price for the company from GBX 225 ($2.91) to GBX 170 ($2.20) in a research report on Thursday, June 8th. Barclays PLC reissued an “overweight” rating and issued a GBX 210 ($2.72) price objective on shares of South32 in a research note on Friday. Macquarie reissued an “outperform” rating and issued a GBX 200 ($2.59) price objective on shares of South32 in a research note on Thursday, May 11th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 180 ($2.33) price objective on shares of South32 in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG reduced their price objective on South32 from GBX 162 ($2.10) to GBX 153 ($1.98) and set a “hold” rating for the company in a research note on Friday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 171.09 ($2.22).

Shares of South32 (LON S32) opened at 167.00 on Friday. The company 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 company’s market cap is GBX 8.88 billion.

TRADEMARK VIOLATION WARNING: “HSBC Holdings plc Lowers South32 Ltd (S32) to Hold” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/07/16/hsbc-holdings-plc-lowers-south32-ltd-s32-to-hold.html.

South32 Company Profile

Analyst Recommendations for South32 (LON:S32)

Receive News & Ratings for South32 Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 Ltd and related companies with MarketBeat.com's FREE daily email newsletter.