South32 Ltd (LON:S32) Rating Reiterated by Barclays PLC
South32 Ltd (LON:S32)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays PLC in a report issued on Friday.
Other analysts also recently issued research reports about the company. Jefferies Group LLC restated a “buy” rating and set a GBX 225 ($2.94) price objective on shares of South32 in a report on Monday, May 15th. Macquarie restated an “outperform” rating and set a GBX 200 ($2.61) price objective on shares of South32 in a report on Thursday, May 11th. Citigroup Inc. cut their price objective on South32 from GBX 200 ($2.61) to GBX 190 ($2.48) and set a “buy” rating on the stock in a report on Thursday, April 27th. Liberum Capital restated a “sell” rating and set a GBX 90 ($1.18) price objective on shares of South32 in a report on Wednesday, May 10th. Finally, HSBC Holdings plc downgraded South32 to a “hold” rating and cut their price objective for the stock from GBX 190 ($2.48) to GBX 175 ($2.29) in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 170.18 ($2.22).
South32 (LON S32) traded down 2.19% during midday trading on Friday, hitting GBX 167.25. 2,458,577 shares of the company’s stock traded hands. South32 has a 52 week low of GBX 101.25 and a 52 week high of GBX 184.00. The company has a 50 day moving average of GBX 160.35 and a 200-day moving average of GBX 163.23. The company’s market capitalization is GBX 8.90 billion.
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