Trading Report: Today, South32 Ltd (S32) PT Raised to GBX 122

Today, South32 Ltd (S32) PT Raised to GBX 122

South32 Ltd (LON:S32) had its target price upped by equities researchers at Deutsche Bank AG from GBX 118 ($1.47) to GBX 122 ($1.52) in a research report issued to clients and investors on Monday. The firm presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential downside of 27.81% from the stock’s current price.

A number of other brokerages also recently commented on S32. BNP Paribas reiterated an “outperform” rating and issued a GBX 120 ($1.50) price objective on shares of South32 in a research report on Tuesday, August 23rd. Macquarie reiterated an “outperform” rating and issued a GBX 150 ($1.87) price objective on shares of South32 in a research report on Monday, October 17th. Citigroup Inc. reiterated a “sell” rating and issued a GBX 100 ($1.25) price objective on shares of South32 in a research report on Friday, August 26th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 90 ($1.12) price objective on shares of South32 in a research report on Monday, July 18th. Finally, Barclays PLC reiterated an “overweight” rating on shares of South32 in a research report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. South32 currently has an average rating of “Hold” and a consensus price target of GBX 119.30 ($1.49).

Shares of South32 (LON:S32) traded down 0.44% during mid-day trading on Monday, hitting GBX 169.00. The stock had a trading volume of 4,099,591 shares. The firm’s 50-day moving average price is GBX 159.05 and its 200 day moving average price is GBX 118.52. South32 has a 12-month low of GBX 41.25 and a 12-month high of GBX 176.69. The stock’s market cap is GBX 8.99 billion.

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