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.