The South32 Ltd (S32) Earns Outperform Rating from Macquarie

The South32 Ltd (S32) Earns Outperform Rating from Macquarie

A number of other equities research analysts also recently weighed in on the company. HSBC Holdings plc upgraded South32 to a “buy” rating and set a GBX 185 ($2.38) target price for the company in a research report on Wednesday, March 1st. Liberum Capital restated a “sell” rating on shares of South32 in a research report on Monday, March 13th. Jefferies Group LLC upped their target price on South32 from GBX 215 ($2.76) to GBX 225 ($2.89) and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Citigroup Inc cut their target price on South32 from GBX 200 ($2.57) to GBX 190 ($2.44) and set a “buy” rating for the company in a research report on Thursday, April 27th. Finally, Barclays PLC upped their target price on South32 from GBX 200 ($2.57) to GBX 210 ($2.70) and gave the stock an “overweight” rating in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 175.20 ($2.25).

South32 Ltd (LON:S32)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a report released on Thursday, May 11th. They presently have a GBX 200 ($2.57) price objective on the stock. Macquarie’s price target would suggest a potential upside of 32.45% from the company’s previous close.

South32 (LON:S32) traded up 1.342282% during trading on Thursday, reaching GBX 151.274460. The company had a trading volume of 12,862,397 shares. South32 has a 52-week low of GBX 73.25 and a 52-week high of GBX 184.00. The company has a 50-day moving average of GBX 157.71 and a 200-day moving average of GBX 163.82. The firm’s market capitalization is GBX 8.05 billion.

South32 Company Profile

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