South32 Ltd (S32) Rating Increased to Buy at Jefferies Group
South32 Ltd (LON:S32) was upgraded by investment analysts at Jefferies Group to a “buy” rating in a research report issued on Thursday.
A number of other research firms have also weighed in on S32. Barclays PLC reissued an “overweight” rating on shares of South32 in a research note on Thursday. Macquarie reissued an “outperform” rating on shares of South32 in a research note on Thursday. Deutsche Bank AG reissued a “hold” rating and set a GBX 118 ($1.46) price objective on shares of South32 in a research note on Friday, October 21st. Goldman Sachs Group Inc. reissued a “neutral” rating and set a GBX 155 ($1.92) price objective on shares of South32 in a research note on Friday, November 4th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 130 ($1.61) price objective on shares of South32 in a research note on Thursday, October 6th. Two research 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 currently has an average rating of “Hold” and a consensus target price of GBX 116.70 ($1.45).
Shares of South32 (LON:S32) opened at 165.25 on Thursday. The firm’s 50-day moving average is GBX 154.35 and its 200-day moving average is GBX 113.21. The company’s market cap is GBX 8.79 billion. South32 has a 52 week low of GBX 41.25 and a 52 week high of GBX 176.69.
South32 Company Profile
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