Date:May 28, 2018
South32 (LON:S32) has been given an average rating of “Hold” by the nine ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 194.29 ($2.61).
Several analysts have issued reports on S32 shares. Liberum Capital upped their price objective on South32 from GBX 90 ($1.21) to GBX 185 ($2.48) and gave the company a “sell” rating in a research note on Friday, May 18th. HSBC upgraded South32 to a “buy” rating and upped their price objective for the company from GBX 210 ($2.82) to GBX 225 ($3.02) in a research note on Wednesday, April 18th. Deutsche Bank upgraded South32 to a “hold” rating and upped their price objective for the company from GBX 165 ($2.21) to GBX 185 ($2.48) in a research note on Wednesday, April 18th. Credit Suisse Group upgraded South32 to a “neutral” rating in a research note on Monday, March 19th.
Finally, Macquarie reiterated a “neutral” rating and set a GBX 210 ($2.82) price target on shares of South32 in a research report on Friday, February 2nd.