Deutsche Bank Reiterates Sell Rating for South32 (S32)
South32 (LON:S32)‘s stock had its “sell” rating reiterated by research analysts at Deutsche Bank in a report issued on Thursday. They presently have a GBX 170 ($2.29) price objective on the stock. Deutsche Bank’s price objective indicates a potential downside of 5.62% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Citigroup upgraded shares of South32 to a “buy” rating and set a GBX 210 ($2.83) target price on the stock in a research note on Tuesday. Jefferies Group upped their target price on shares of South32 from GBX 170 ($2.29) to GBX 200 ($2.69) and gave the stock a “hold” rating in a research note on Friday, August 25th. Macquarie reiterated a “neutral” rating and issued a GBX 200 ($2.69) target price on shares of South32 in a research note on Friday, October 20th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 180 ($2.42) target price on shares of South32 in a research note on Wednesday, November 15th. Finally, Barclays reiterated an “overweight” rating on shares of South32 in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 185.70 ($2.50).
South32 (S32) opened at GBX 180.13 ($2.42) on Thursday. South32 has a 52 week low of GBX 143.25 ($1.93) and a 52 week high of GBX 212.50 ($2.86).
South32 Company Profile
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