South32 Ltd (S32) Rating Reiterated by Credit Suisse Group
South32 Ltd (LON:S32)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group in a research report issued on Wednesday. They presently have a GBX 180 ($2.37) price objective on the stock. Credit Suisse Group’s target price suggests a potential downside of 4.57% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Macquarie reissued a “neutral” rating and issued a GBX 190 ($2.50) price objective on shares of South32 in a research note on Thursday, September 14th. Deutsche Bank AG lifted their price objective on shares of South32 from GBX 160 ($2.10) to GBX 170 ($2.24) and gave the stock a “hold” rating in a research note on Tuesday, September 12th. Jefferies Group LLC lifted their price objective on shares of South32 from GBX 170 ($2.24) to GBX 200 ($2.63) and gave the stock a “hold” rating in a research note on Friday, August 25th. Citigroup Inc. cut shares of South32 to a “neutral” rating and lifted their price objective for the stock from GBX 170 ($2.24) to GBX 190 ($2.50) in a research note on Friday, August 25th. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 90 ($1.18) price objective on shares of South32 in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. South32 has an average rating of “Hold” and an average price target of GBX 184.70 ($2.43).
South32 (LON S32) traded up GBX 1.62 ($0.02) on Wednesday, reaching GBX 188.62 ($2.48). 3,160,000 shares of the company traded hands, compared to its average volume of 3,570,000. South32 has a 52 week low of GBX 143.25 ($1.88) and a 52 week high of GBX 212.50 ($2.79).
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