South32 Ltd (S32) Given New GBX 118 Price Target at Deutsche Bank AG
South32 Ltd (LON:S32) had its price target raised by investment analysts at Deutsche Bank AG from GBX 109 ($1.42) to GBX 118 ($1.54) in a report issued on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price target indicates a potential downside of 21.72% from the company’s previous close.
Several other equities analysts also recently issued reports on S32. BNP Paribas reaffirmed an “outperform” rating and set a GBX 92 ($1.20) price target on shares of South32 in a research note on Wednesday, June 29th. Jefferies Group raised their price target on shares of South32 from GBX 70 ($0.91) to GBX 80 ($1.04) and gave the company a “hold” rating in a research note on Thursday, July 7th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating on shares of South32 in a research note on Monday, July 11th. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 90 ($1.17) price target on shares of South32 in a research note on Monday, July 18th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 85 ($1.11) price target on shares of South32 in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 110.89 ($1.45).
South32 (LON:S32) opened at 150.75 on Wednesday. The stock has a 50 day moving average of GBX 126.37 and a 200 day moving average of GBX 98.76. The firm’s market cap is GBX 8.02 billion. South32 has a one year low of GBX 41.25 and a one year high of GBX 170.25.
South32 Company Profile
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