South32’s (S32) Neutral Rating Reiterated at Macquarie
South32 Ltd (LON:S32)‘s stock had its “neutral” rating reiterated by equities researchers at Macquarie in a report issued on Friday. They presently have a GBX 200 ($2.66) price target on the stock. Macquarie’s price objective would indicate a potential upside of 7.24% from the stock’s current price.
A number of other research firms also recently issued reports on S32. Jefferies Group LLC reissued a “hold” rating and issued a GBX 200 ($2.66) price target on shares of South32 in a research note on Thursday. Deutsche Bank AG boosted their price target on shares of South32 from GBX 160 ($2.13) to GBX 170 ($2.26) and gave the company a “hold” rating in a research note on Tuesday, September 12th. Citigroup Inc. downgraded shares of South32 to a “neutral” rating and boosted their price target for the company from GBX 170 ($2.26) to GBX 190 ($2.52) in a research note on Friday, August 25th. Liberum Capital reissued a “sell” rating and issued a GBX 90 ($1.20) price target on shares of South32 in a research note on Thursday, August 24th. Finally, Barclays PLC reissued 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 issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 175.64 ($2.33).
Shares of South32 (LON S32) traded down 0.80% during trading on Friday, hitting GBX 186.50. 2,825,168 shares of the stock were exchanged. The company’s market cap is GBX 9.71 billion. The stock’s 50 day moving average price is GBX 189.99 and its 200-day moving average price is GBX 172.21. South32 has a one year low of GBX 143.25 and a one year high of GBX 201.25.
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South32 Company Profile
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