Barclays PLC Reiterates Overweight Rating for South32 Ltd (LON:S32)

South32 Ltd (LON:S32)‘s stock had its “overweight” rating reaffirmed by Barclays PLC in a research report issued to clients and investors on Friday. They presently have a GBX 210 ($2.74) price objective on the stock. Barclays PLC’s price target points to a potential upside of 20.86% from the stock’s previous close.

A number of other research firms have also recently issued reports on S32. HSBC Holdings plc reissued a “buy” rating and set a GBX 205 ($2.68) price objective on shares of South32 in a research report on Wednesday, May 3rd. Citigroup Inc. reissued a “buy” rating and set a GBX 190 ($2.48) price objective on shares of South32 in a research report on Wednesday, May 3rd. Jefferies Group LLC increased their price objective on shares of South32 from GBX 215 ($2.81) to GBX 225 ($2.94) and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 150 ($1.96) price objective on shares of South32 in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 171.09 ($2.23).

Shares of South32 (S32) opened at 173.75 on Friday. South32 has a one year low of GBX 100.81 and a one year high of GBX 184.00. The stock has a 50 day moving average price of GBX 155.62 and a 200-day moving average price of GBX 162.53. The company’s market capitalization is GBX 9.24 billion.

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