South32 Ltd (S32) Stock Rating Upgraded by Barclays PLC
South32 Ltd (LON:S32) was upgraded by Barclays PLC to an “overweight” rating in a report released on Wednesday. The brokerage presently has a GBX 160 ($2.09) price objective on the stock, up from their previous price objective of GBX 85 ($1.11). Barclays PLC’s price target would indicate a potential upside of 13.88% from the company’s current price.
Several other analysts have also recently commented on the stock. Macquarie raised shares of South32 to an “outperform” rating and set a GBX 150 ($1.96) target price for the company in a research note on Tuesday. Jefferies Group lifted their target price on shares of South32 from GBX 110 ($1.44) to GBX 130 ($1.70) and gave the stock a “hold” rating in a research note on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 109 ($1.42) target price on shares of South32 in a research note on Monday, September 5th. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 130 ($1.70) target price on shares of South32 in a research note on Tuesday, August 30th. Finally, Citigroup Inc. reaffirmed a “sell” rating and issued a GBX 100 ($1.31) target price on shares of South32 in a research note on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. South32 has a consensus rating of “Hold” and an average price target of GBX 109.89 ($1.43).
South32 (LON:S32) opened at 140.00 on Wednesday. The company has a 50-day moving average price of GBX 120.01 and a 200 day moving average price of GBX 95.19. The stock’s market cap is GBX 7.45 billion. South32 has a 12-month low of GBX 41.25 and a 12-month high of GBX 170.25.
South32 Company Profile
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