South32 (LON:S32) had its price objective increased by investment analysts at Liberum Capital from GBX 90 ($1.22) to GBX 185 ($2.51) in a report issued on Friday. The firm currently has a “sell” rating on the stock. Liberum Capital’s price objective would suggest a potential downside of 15.83% from the company’s previous close.
Several other research analysts also recently issued reports on S32. Barclays reaffirmed an “overweight” rating on shares of South32 in a research note on Thursday, January 18th. Citigroup raised South32 to a “neutral” rating and cut their price target for the stock from GBX 200 ($2.71) to GBX 180 ($2.44) in a research note on Thursday, April 5th. Deutsche Bank raised South32 to a “hold” rating and lifted their price target for the stock from GBX 165 ($2.24) to GBX 185 ($2.51) in a research note on Wednesday, April 18th. Credit Suisse Group raised shares of South32 to a “neutral” rating in a research note on Monday, March 19th. Finally, HSBC raised shares of South32 to a “buy” rating and boosted their target price for the company from GBX 210 ($2.85) to GBX 225 ($3.05) in a research note on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. South32 has an average rating of “Hold” and a consensus price target of GBX 200.56 ($2.72).
South32 opened at GBX 219.80 ($2.98) on Friday, MarketBeat reports. South32 has a 52-week low of GBX 143.25 ($1.94) and a 52-week high of GBX 236 ($3.20).
South32 Company Profile
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. It also exports its products.
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