Macquarie Reaffirms “Neutral” Rating for South32 Ltd (S32)
South32 Ltd (LON:S32)‘s stock had its “neutral” rating reiterated by research analysts at Macquarie in a research report issued to clients and investors on Thursday. They presently have a GBX 190 ($2.45) price target on the stock. Macquarie’s price target would suggest a potential upside of 1.60% from the stock’s current price.
Several other analysts also recently commented on the company. Deutsche Bank AG upped their price objective on South32 from GBX 160 ($2.07) to GBX 170 ($2.20) and gave the company a “hold” rating in a research note on Tuesday. Jefferies Group LLC upped their price objective on South32 from GBX 170 ($2.20) to GBX 200 ($2.58) and gave the company a “hold” rating in a research note on Friday, August 25th. Citigroup Inc. downgraded South32 to a “neutral” rating and upped their price objective for the company from GBX 170 ($2.20) to GBX 190 ($2.45) in a research note on Friday, August 25th. Liberum Capital reaffirmed a “sell” rating and set a GBX 90 ($1.16) price objective on shares of South32 in a research note on Thursday, August 24th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of South32 in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 174.73 ($2.26).
South32 (S32) traded down 2.94% during mid-day trading on Thursday, reaching GBX 181.50. The company had a trading volume of 3,986,281 shares. South32 has a 12 month low of GBX 124.82 and a 12 month high of GBX 196.75. The company’s market capitalization is GBX 9.61 billion. The firm’s 50 day moving average price is GBX 182.38 and its 200-day moving average price is GBX 167.84.
South32 Company Profile
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