South32 (LON:S32) Receives Outperform Rating from Credit Suisse Group

South32 (LON:S32)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a note issued to investors on Wednesday, November 15th, MarketBeat reports. They currently have a GBX 180 ($2.42) price objective on the stock. Credit Suisse Group’s price target points to a potential downside of 2.31% from the company’s current price.

A number of other brokerages have also recently weighed in on S32. Jefferies Group boosted their price objective on shares of South32 from GBX 170 ($2.29) to GBX 200 ($2.69) and gave the stock a “hold” rating in a research note on Friday, August 25th. Macquarie restated a “neutral” rating and issued a GBX 190 ($2.56) price objective on shares of South32 in a research note on Tuesday, October 10th. Deutsche Bank restated a “hold” rating and issued a GBX 160 ($2.15) price objective on shares of South32 in a research note on Monday, August 21st. Barclays reiterated an “overweight” rating on shares of South32 in a research note on Friday, July 21st. Finally, Liberum Capital reiterated a “sell” rating and set a GBX 150 ($2.02) target price on shares of South32 in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 184.70 ($2.49).

Shares of South32 (LON S32) traded up GBX 3.25 ($0.04) on Wednesday, reaching GBX 184.25 ($2.48). 2,130,813 shares of the company were exchanged, compared to its average volume of 3,730,000. South32 has a 52-week low of GBX 143.25 ($1.93) and a 52-week high of GBX 212.50 ($2.86).

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South32 Company Profile

Analyst Recommendations for South32 (LON:S32)

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