Barclays Increases South32 (S32) Price Target to GBX 265
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).
ILLEGAL ACTIVITY NOTICE: “Barclays Increases South32 (S32) Price Target to GBX 265” was originally published by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.watchlistnews.com/barclays-increases-south32-s32-price-target-to-gbx-265/1800772.html.
Receive News & Ratings for South32 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 and related companies with Analyst Ratings Network's FREE daily email newsletter.