South32 Ltd (S32) Upgraded at Macquarie
South32 Ltd (LON:S32) was upgraded by equities researchers at Macquarie to an “outperform” rating in a research note issued to investors on Tuesday. The firm presently has a GBX 150 ($1.96) price objective on the stock. Macquarie’s price objective would indicate a potential upside of 13.42% from the stock’s current price.
S32 has been the topic of a number of other reports. BNP Paribas reissued an “outperform” rating and issued a GBX 120 ($1.57) price target on shares of South32 in a report on Monday, August 15th. Deutsche Bank AG dropped their price objective on shares of South32 from GBX 81 ($1.06) to GBX 74 ($0.97) and set a “hold” rating on the stock in a report on Thursday, June 16th. Credit Suisse Group AG downgraded shares of South32 to a “neutral” rating and set a GBX 90 ($1.17) price objective on the stock. in a report on Tuesday, May 24th. Jefferies Group upped their price objective on shares of South32 from GBX 80 ($1.04) to GBX 110 ($1.44) and gave the company a “hold” rating in a report on Tuesday, August 23rd. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 85 ($1.11) price objective on shares of South32 in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 101.56 ($1.33).
South32 (LON:S32) opened at 135.25 on Tuesday. The company’s market capitalization is GBX 7.20 billion. The firm has a 50-day moving average of GBX 117.73 and a 200 day moving average of GBX 93.93. South32 has a 12-month low of GBX 41.25 and a 12-month high of GBX 170.25.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.