South32 Ltd (LON:S32) had its target price lifted by research analysts at Deutsche Bank AG from GBX 109 ($1.42) to GBX 118 ($1.54) in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 23.00% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 90 ($1.17) price target on shares of South32 in a research report on Monday, July 18th. Barclays PLC reiterated an “equal weight” rating and set a GBX 85 ($1.11) price target on shares of South32 in a research report on Thursday, August 25th. Macquarie reiterated an “underperform” rating and set a GBX 90 ($1.17) price target on shares of South32 in a research report on Tuesday, August 30th. BNP Paribas reiterated an “outperform” rating and set a GBX 92 ($1.20) price target on shares of South32 in a research report on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of South32 in a research report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 110.89 ($1.45).
Shares of South32 (LON:S32) opened at 153.50 on Wednesday. The firm’s 50-day moving average price is GBX 128.08 and its 200 day moving average price is GBX 99.62. The firm’s market capitalization is GBX 8.17 billion. South32 has a 52 week low of GBX 41.25 and a 52 week high of GBX 170.25.
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