South32 Ltd (LON:S32) had its price objective decreased by research analysts at Citigroup Inc. from GBX 190 ($2.40) to GBX 180 ($2.28) in a report released on Thursday, May 11th. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s target price points to a potential upside of 17.26% from the stock’s previous close.
S32 has been the subject of several other reports. Macquarie reissued an “outperform” rating and issued a GBX 230 ($2.91) price target on shares of South32 in a report on Monday, March 6th. Deutsche Bank AG raised their price objective on South32 from GBX 150 ($1.90) to GBX 157 ($1.99) and gave the company a “hold” rating in a research note on Friday, February 17th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 90 ($1.14) price objective on shares of South32 in a research note on Tuesday, April 11th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 177 ($2.24) price objective on shares of South32 in a research note on Tuesday, March 28th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 210 ($2.66) price objective on shares of South32 in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 169.70 ($2.15).
Shares of South32 (LON:S32) opened at 153.50 on Thursday. The stock’s market capitalization is GBX 8.16 billion. The company has a 50-day moving average of GBX 155.76 and a 200 day moving average of GBX 163.55. South32 has a 12-month low of GBX 79.50 and a 12-month high of GBX 184.00.
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