Barclays PLC upgraded shares of South32 Ltd (LON:S32) to an overweight rating in a research note issued to investors on Wednesday morning. Barclays PLC currently has GBX 160 ($2.09) price objective on the stock, up from their previous price objective of GBX 85 ($1.11).
A number of other equities research analysts have also weighed in on the stock. Macquarie upgraded shares of South32 to an outperform rating and set a GBX 150 ($1.96) price objective for the company in a report on Tuesday, September 20th. Jefferies Group boosted their price target on shares of South32 from GBX 110 ($1.44) to GBX 130 ($1.70) and gave the company a hold rating in a report on Tuesday, September 20th. Deutsche Bank AG restated a hold rating and issued a GBX 109 ($1.42) price target on shares of South32 in a report on Monday, September 5th. BNP Paribas restated an outperform rating and issued a GBX 130 ($1.70) price target on shares of South32 in a report on Tuesday, August 30th. Finally, Citigroup Inc. restated a sell rating and issued a GBX 100 ($1.31) price target on shares of South32 in a report on Friday, August 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 109.89 ($1.43).
Shares of South32 (LON:S32) opened at 142.25 on Wednesday. South32 has a 12-month low of GBX 41.25 and a 12-month high of GBX 170.25. The company’s market cap is GBX 7.57 billion. The firm has a 50 day moving average price of GBX 120.86 and a 200-day moving average price of GBX 95.51.
South32 Company Profile
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