The Deutsche Bank AG Cuts South32 Ltd (S32) Price Target to GBX 150

The Deutsche Bank AG Cuts South32 Ltd (S32) Price Target to GBX 150

South32 Ltd (LON:S32) had its price target cut by Deutsche Bank AG from GBX 152 ($1.83) to GBX 150 ($1.81) in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price objective suggests a potential downside of 10.31% from the company’s previous close.

S32 has been the subject of a number of other research reports. Macquarie restated an “outperform” rating and set a GBX 150 ($1.81) target price on shares of South32 in a report on Monday, September 26th. Barclays PLC restated an “overweight” rating on shares of South32 in a report on Monday, January 9th. Jefferies Group upped their target price on South32 from GBX 130 ($1.57) to GBX 140 ($1.69) and gave the company a “hold” rating in a report on Friday, October 14th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 155 ($1.87) target price on shares of South32 in a report on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. South32 currently has a consensus rating of “Hold” and a consensus price target of GBX 135.60 ($1.64).

South32 (LON:S32) opened at 167.25 on Friday. South32 has a 52 week low of GBX 42.50 and a 52 week high of GBX 181.00. The firm’s 50-day moving average price is GBX 166.04 and its 200 day moving average price is GBX 141.54. The company’s market capitalization is GBX 8.90 billion.

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