South32 (S32) Price Target Raised to GBX 180
South32 (LON:S32) had its target price raised by Deutsche Bank from GBX 170 ($2.31) to GBX 180 ($2.44) in a report issued on Monday. The firm presently has a “sell” rating on the stock. Deutsche Bank’s target price points to a potential downside of 21.33% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the stock. Citigroup upped their price target on shares of South32 from GBX 190 ($2.58) to GBX 200 ($2.71) and gave the company a “neutral” rating in a report on Friday, November 17th. Liberum Capital reissued a “sell” rating and issued a GBX 150 ($2.03) price target on shares of South32 in a report on Friday, November 10th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 180 ($2.44) price target on shares of South32 in a report on Wednesday, November 15th. Barclays reissued an “overweight” rating on shares of South32 in a report on Tuesday, October 24th. Finally, Macquarie reissued a “neutral” rating and issued a GBX 200 ($2.71) price target on shares of South32 in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 192.20 ($2.61).
Shares of South32 (LON S32) opened at GBX 228.80 ($3.10) on Monday. South32 has a 1-year low of GBX 143.25 ($1.94) and a 1-year high of GBX 224.40 ($3.04).
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