South32 Ltd (S32) Given New GBX 140 Price Target at Jefferies Group
South32 Ltd (LON:S32) had its price target hoisted by investment analysts at Jefferies Group from GBX 130 ($1.61) to GBX 140 ($1.73) in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential downside of 6.35% from the company’s current price.
Several other research firms also recently commented on S32. BNP Paribas reissued an “outperform” rating and issued a GBX 120 ($1.49) price objective on shares of South32 in a report on Tuesday, August 23rd. Deutsche Bank AG reissued a “hold” rating on shares of South32 in a report on Tuesday, July 12th. Macquarie reissued an “underperform” rating and issued a GBX 80 ($0.99) price objective on shares of South32 in a report on Monday, August 22nd. Citigroup Inc. reissued a “sell” rating and issued a GBX 100 ($1.24) price objective on shares of South32 in a report on Friday, August 26th. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 90 ($1.11) price objective on shares of South32 in a report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 112 ($1.39).
Shares of South32 (LON:S32) opened at 153.78 on Friday. The stock has a 50 day moving average of GBX 132.54 and a 200 day moving average of GBX 101.94. South32 has a 52 week low of GBX 41.25 and a 52 week high of GBX 170.25. The firm’s market cap is GBX 8.18 billion.
South32 Company Profile
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