South32’s (S32) Sell Rating Reiterated at Deutsche Bank
Several other brokerages also recently weighed in on S32. Liberum Capital reiterated a sell rating and issued a GBX 150 ($2.02) price target on shares of South32 in a report on Friday, November 10th. Macquarie reissued a neutral rating and set a GBX 190 ($2.56) price objective on shares of South32 in a research note on Tuesday, October 10th. Jefferies Group reissued a hold rating and set a GBX 200 ($2.69) price objective on shares of South32 in a research note on Thursday, October 19th. Credit Suisse Group reissued an outperform rating and set a GBX 180 ($2.42) price objective on shares of South32 in a research note on Wednesday, November 15th. Finally, Citigroup boosted their price objective on shares of South32 from GBX 190 ($2.56) to GBX 200 ($2.69) and gave the company a neutral rating in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 185.70 ($2.50).
South32 (LON S32) opened at GBX 185.50 ($2.50) on Thursday. South32 has a twelve month low of GBX 143.25 ($1.93) and a twelve month high of GBX 212.50 ($2.86).
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