South32 Ltd (LON:S32) was downgraded by research analysts at Deutsche Bank AG to a “sell” rating in a research note issued to investors on Tuesday. They presently have a GBX 170 ($2.24) price objective on the stock. Deutsche Bank AG’s target price suggests a potential downside of 16.05% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Barclays PLC restated an “overweight” rating on shares of South32 in a research note on Tuesday, October 24th. Macquarie reaffirmed a “neutral” rating and issued a GBX 200 ($2.63) price objective on shares of South32 in a report on Friday, October 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 200 ($2.63) price objective on shares of South32 in a report on Thursday, October 19th. Citigroup Inc. lowered South32 to a “neutral” rating and upped their price objective for the company from GBX 170 ($2.24) to GBX 190 ($2.50) in a report on Friday, August 25th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 90 ($1.18) price objective on shares of South32 in a report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 177.70 ($2.34).

Shares of South32 (S32) opened at GBX 202.50 ($2.66) on Tuesday. South32 has a 12 month low of GBX 143.25 ($1.88) and a 12 month high of GBX 212.50 ($2.79).

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