Macquarie Reiterates “Neutral” Rating for South32 Ltd (S32)
South32 Ltd (LON:S32)‘s stock had its “neutral” rating reissued by research analysts at Macquarie in a research report issued on Thursday. They presently have a GBX 190 ($2.45) target price on the stock. Macquarie’s price target would suggest a potential upside of 4.68% from the company’s current price.
A number of other research firms also recently issued reports on S32. Deutsche Bank AG increased their price target on shares of South32 from GBX 160 ($2.07) to GBX 170 ($2.20) and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Group LLC increased their price target on shares of South32 from GBX 170 ($2.20) to GBX 200 ($2.58) and gave the stock a “hold” rating in a research note on Friday, August 25th. Citigroup Inc. downgraded shares of South32 to a “neutral” rating and increased their price target for the stock from GBX 170 ($2.20) to GBX 190 ($2.45) in a research note on Friday, August 25th. Liberum Capital reissued a “sell” rating and issued a GBX 90 ($1.16) price target on shares of South32 in a research note on Thursday, August 24th. Finally, Barclays PLC reissued an “overweight” rating on shares of South32 in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. South32 currently has an average rating of “Hold” and a consensus price target of GBX 174.73 ($2.26).
Shares of South32 (LON S32) opened at 181.50 on Thursday. South32 has a 12 month low of GBX 127.35 and a 12 month high of GBX 196.75. The company has a 50-day moving average price of GBX 182.55 and a 200-day moving average price of GBX 167.93. The company’s market capitalization is GBX 9.61 billion.
South32 Company Profile
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