South32 (LON:S32) had its price objective increased by Barclays from GBX 245 ($3.32) to GBX 265 ($3.59) in a research report report published on Monday morning. The firm currently has an overweight rating on the stock.
A number of other equities analysts have also recently issued reports on S32. Deutsche Bank upped their price objective on South32 from GBX 160 ($2.17) to GBX 170 ($2.31) and gave the stock a hold rating in a report on Tuesday, September 12th. Macquarie reiterated a neutral rating and issued a GBX 190 ($2.58) price objective on shares of South32 in a report on Thursday, September 14th. Jefferies Group reiterated a hold rating and issued a GBX 200 ($2.71) price objective on shares of South32 in a report on Thursday, October 19th. Liberum Capital reiterated a sell rating and issued a GBX 150 ($2.03) price objective on shares of South32 in a report on Friday, November 10th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 180 ($2.44) price objective on shares of South32 in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 191.20 ($2.59).
Shares of South32 (LON:S32) traded up GBX 5.40 ($0.07) during midday trading on Monday, reaching GBX 215.80 ($2.93). The company’s stock had a trading volume of 1,620,000 shares, compared to its average volume of 1,640,000. South32 has a fifty-two week low of GBX 143.25 ($1.94) and a fifty-two week high of GBX 218 ($2.96).
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