South32’s (S32) “Outperform” Rating Reaffirmed at BNP Paribas
BNP Paribas reiterated their outperform rating on shares of South32 Ltd (LON:S32) in a research report released on Thursday morning. BNP Paribas currently has a GBX 130 ($1.70) target price on the stock.
S32 has been the subject of several other research reports. Deutsche Bank AG dropped their target price on shares of South32 from GBX 81 ($1.06) to GBX 74 ($0.97) and set a hold rating for the company in a research report on Thursday, June 16th. Barclays PLC upgraded shares of South32 to an overweight rating and upped their target price for the company from GBX 85 ($1.11) to GBX 160 ($2.09) in a research report on Wednesday, September 21st. Jefferies Group upped their target price on shares of South32 from GBX 80 ($1.04) to GBX 110 ($1.44) and gave the company a hold rating in a research report on Tuesday, August 23rd. Macquarie reiterated an outperform rating and set a GBX 150 ($1.96) target price on shares of South32 in a research report on Monday, September 26th. Finally, Goldman Sachs Group Inc. reiterated a conviction-buy rating on shares of South32 in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 110.89 ($1.45).
South32 (LON:S32) traded down 0.82% during mid-day trading on Thursday, reaching GBX 152.00. The company had a trading volume of 8,595,782 shares. The firm’s 50-day moving average price is GBX 128.08 and its 200-day moving average price is GBX 99.62. The stock’s market cap is GBX 8.09 billion. South32 has a 12 month low of GBX 41.25 and a 12 month high of GBX 170.25.
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