South32 (LON:S32) had its target price boosted by equities research analysts at Barclays from GBX 245 ($3.32) to GBX 265 ($3.59) in a report issued on Monday. The brokerage presently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 24.30% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Citigroup raised South32 to a “buy” rating and set a GBX 210 ($2.85) price target for the company in a research note on Tuesday, December 5th. Deutsche Bank increased their price target on South32 from GBX 160 ($2.17) to GBX 170 ($2.31) and gave the company a “hold” rating in a research note on Tuesday, September 12th. Jefferies Group reaffirmed a “hold” rating and set a GBX 200 ($2.71) price target on shares of South32 in a research note on Thursday, October 19th. Macquarie reaffirmed a “neutral” rating and set a GBX 200 ($2.71) price target on shares of South32 in a research note on Friday, October 20th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 180 ($2.44) price target on shares of South32 in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 191.20 ($2.59).

Shares of South32 (LON S32) opened at GBX 213.20 ($2.89) on Monday. South32 has a 1 year low of GBX 143.25 ($1.94) and a 1 year high of GBX 218 ($2.96).

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About South32

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