South32 Ltd (S32) Given “Hold” Rating at Deutsche Bank AG
South32 Ltd (LON:S32)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank AG in a research report issued on Friday. They currently have a GBX 170 ($2.26) target price on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 8.85% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Macquarie reiterated a “neutral” rating and issued a GBX 200 ($2.66) price objective on shares of South32 in a report on Friday. Barclays PLC reiterated an “overweight” rating and issued a GBX 210 ($2.79) price objective on shares of South32 in a report on Friday, July 14th. Jefferies Group LLC lifted their price objective on South32 from GBX 170 ($2.26) to GBX 200 ($2.66) and gave the stock a “hold” rating in a report on Friday, August 25th. Citigroup Inc. downgraded South32 to a “neutral” rating and lifted their price objective for the stock from GBX 170 ($2.26) to GBX 190 ($2.52) in a report on Friday, August 25th. Finally, HSBC Holdings plc downgraded South32 to a “hold” rating and decreased their price objective for the stock from GBX 190 ($2.52) to GBX 175 ($2.33) in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. South32 currently has an average rating of “Hold” and an average price target of GBX 175.64 ($2.33).
South32 (LON:S32) traded down 0.80% during midday trading on Friday, hitting GBX 186.50. The company’s stock had a trading volume of 2,825,168 shares. The company’s market cap is GBX 9.71 billion. The stock has a 50 day moving average of GBX 189.99 and a 200 day moving average of GBX 172.21. South32 has a 52-week low of GBX 143.25 and a 52-week high of GBX 201.25.
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