Jefferies Group LLC Reiterates Hold Rating for South32 Ltd (S32)
South32 Ltd (LON:S32)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group LLC in a research note issued to investors on Thursday. They currently have a GBX 200 ($2.66) price objective on the stock. Jefferies Group LLC’s target price indicates a potential upside of 7.24% from the stock’s current price.
Several other equities analysts also recently weighed in on S32. Deutsche Bank AG raised their target price on shares of South32 from GBX 150 ($1.99) to GBX 160 ($2.13) and gave the company a “hold” rating in a report on Thursday, June 22nd. Credit Suisse Group restated an “outperform” rating and set a GBX 180 ($2.39) target price on shares of South32 in a report on Tuesday, June 27th. Macquarie restated an “outperform” rating and set a GBX 200 ($2.66) target price on shares of South32 in a report on Monday, July 3rd. Barclays PLC restated an “overweight” rating and set a GBX 210 ($2.79) target price on shares of South32 in a report on Friday, July 14th. Finally, HSBC Holdings plc downgraded shares of South32 to a “hold” rating and dropped their target price for the company from GBX 190 ($2.52) to GBX 175 ($2.33) in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. South32 presently has an average rating of “Hold” and a consensus target price of GBX 175.64 ($2.33).
Shares of South32 (LON:S32) opened at 186.50 on Thursday. South32 has a 52 week low of GBX 143.25 and a 52 week high of GBX 201.25. The company’s 50-day moving average is GBX 189.99 and its 200 day moving average is GBX 172.21. The stock’s market cap is GBX 9.71 billion.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/21/jefferies-group-llc-reiterates-hold-rating-for-south32-ltd-s32.html.
Receive News & Stock Ratings for South32 Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 Ltd and related stocks with our FREE daily email newsletter.