Several other research analysts have also recently issued reports on the stock. Macquarie reaffirmed an outperform rating and issued a GBX 162 ($2.09) target price (down from GBX 230 ($2.97)) on shares of South32 in a report on Tuesday, March 28th. HSBC Holdings plc raised shares of South32 to a buy rating and set a GBX 185 ($2.39) target price for the company in a report on Wednesday, March 1st. Liberum Capital reissued a sell rating on shares of South32 in a report on Monday, March 13th. Jefferies Group LLC boosted their price objective on shares of South32 from GBX 215 ($2.78) to GBX 225 ($2.90) and gave the company a buy rating in a report on Tuesday, April 18th. Finally, Citigroup Inc decreased their price objective on shares of South32 from GBX 200 ($2.58) to GBX 190 ($2.45) and set a buy rating for the company in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. South32 has a consensus rating of Hold and a consensus price target of GBX 175.20 ($2.26).
South32 (LON:S32) traded up 0.99% during midday trading on Wednesday, hitting GBX 152.50. 2,622,027 shares of the stock were exchanged. The firm’s 50-day moving average price is GBX 164.40 and its 200 day moving average price is GBX 164.34. South32 has a 1-year low of GBX 72.75 and a 1-year high of GBX 184.00. The firm’s market capitalization is GBX 8.11 billion.
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