South32’s (S32) “Outperform” Rating Reiterated at Macquarie

South32 Ltd (LON:S32)‘s stock had its “outperform” rating reiterated by Macquarie in a report issued on Thursday, May 11th, MarketBeat Ratings reports. They presently have a GBX 200 ($2.53) price objective on the stock. Macquarie’s price objective suggests a potential upside of 30.29% from the stock’s previous close.

S32 has been the subject of a number of other reports. Deutsche Bank AG upped their price objective on shares of South32 from GBX 150 ($1.90) to GBX 157 ($1.99) and gave the company a “hold” rating in a research report on Friday, February 17th. Liberum Capital reissued a “sell” rating and issued a GBX 90 ($1.14) price objective on shares of South32 in a research report on Tuesday, April 11th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 177 ($2.24) price target on shares of South32 in a research report on Tuesday, March 28th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 210 ($2.66) price target on shares of South32 in a research report on Friday, April 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a GBX 200 ($2.53) price target on shares of South32 in a research report on Friday, April 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. South32 presently has an average rating of “Hold” and a consensus target price of GBX 169.70 ($2.15).

Analyst Recommendations for South32 (LON:S32)

Shares of South32 (S32) opened at 153.50 on Thursday. South32 has a 1-year low of GBX 79.50 and a 1-year high of GBX 184.00. The firm’s market capitalization is GBX 8.16 billion. The firm has a 50-day moving average price of GBX 155.76 and a 200-day moving average price of GBX 163.55.

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