South32 Ltd (S32) Price Target Raised to GBX 118 at Deutsche Bank AG
South32 Ltd (LON:S32) had its price objective hoisted by Deutsche Bank AG from GBX 109 ($1.42) to GBX 118 ($1.54) in a research report released on Wednesday morning. Deutsche Bank AG currently has a hold rating on the stock.
Other equities analysts have also issued research reports about the company. Credit Suisse Group AG restated a neutral rating and issued a GBX 90 ($1.17) target price on shares of South32 in a research note on Monday, July 18th. Barclays PLC restated an equal weight rating and issued a GBX 85 ($1.11) target price on shares of South32 in a research note on Thursday, August 25th. Macquarie restated an underperform rating and issued a GBX 90 ($1.17) target price on shares of South32 in a research note on Tuesday, August 30th. BNP Paribas restated an outperform rating and issued a GBX 92 ($1.20) target price on shares of South32 in a research note on Wednesday, June 29th. Finally, Goldman Sachs Group Inc. restated a conviction-buy rating on shares of South32 in a research note on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 110.89 ($1.45).
South32 (LON:S32) traded up 2.84% during midday trading on Wednesday, reaching GBX 153.75. The company’s stock had a trading volume of 1,063,955 shares. South32 has a 12-month low of GBX 41.25 and a 12-month high of GBX 170.25. The firm’s market cap is GBX 8.18 billion. The company’s 50-day moving average is GBX 127.20 and its 200 day moving average is GBX 99.24.
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