South32 Ltd (S32) Rating Reiterated by Macquarie
South32 Ltd (LON:S32)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a research note issued on Thursday.
A number of other research analysts have also recently weighed in on the stock. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 120 ($1.49) price objective on shares of South32 in a report on Monday, August 15th. Deutsche Bank AG lifted their price objective on shares of South32 from GBX 102 ($1.26) to GBX 109 ($1.35) and gave the company a “hold” rating in a report on Friday, August 26th. Barclays PLC raised shares of South32 to an “overweight” rating and lifted their price objective for the company from GBX 85 ($1.05) to GBX 160 ($1.98) in a report on Wednesday, September 21st. Jefferies Group lifted their price objective on shares of South32 from GBX 80 ($0.99) to GBX 110 ($1.36) and gave the company a “hold” rating in a report on Tuesday, August 23rd. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a GBX 155 ($1.92) price objective on shares of South32 in a report on Friday, November 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 116.70 ($1.45).
South32 (LON:S32) opened at 165.468231 on Thursday. The company has a 50 day moving average of GBX 154.35 and a 200-day moving average of GBX 113.21. The company’s market cap is GBX 8.81 billion. South32 has a one year low of GBX 41.25 and a one year high of GBX 176.69.
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