Todays Report: Today, Barclays PLC Reaffirmed Overweight Rating for South32 Ltd (S32)

Today, Barclays PLC Reaffirmed Overweight Rating for South32 Ltd (S32)

Barclays PLC reissued their overweight rating on shares of South32 Ltd (LON:S32) in a report released on Tuesday morning.

A number of other brokerages have also recently issued reports on S32. BNP Paribas reissued an outperform rating and set a GBX 120 ($1.50) price objective on shares of South32 in a report on Tuesday, August 23rd. Deutsche Bank AG restated a hold rating and issued a GBX 118 ($1.47) target price on shares of South32 in a research note on Friday, October 21st. Macquarie restated an outperform rating and issued a GBX 150 ($1.87) target price on shares of South32 in a research note on Monday, October 17th. Citigroup Inc. restated a sell rating and issued a GBX 100 ($1.25) target price on shares of South32 in a research note on Friday, August 26th. Finally, Jefferies Group raised their target price on South32 from GBX 130 ($1.62) to GBX 140 ($1.75) and gave the company a hold rating in a research note on Friday, October 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 119.30 ($1.49).

Shares of South32 (LON:S32) opened at 170.50 on Tuesday. The firm’s 50-day moving average is GBX 158.52 and its 200-day moving average is GBX 118.17. South32 has a 1-year low of GBX 41.25 and a 1-year high of GBX 176.69. The stock’s market capitalization is GBX 9.07 billion.

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