South32 Ltd (LON:S32) Earns Outperform Rating from Macquarie

Macquarie reissued their outperform rating on shares of South32 Ltd (LON:S32) in a research note released on Monday, July 3rd, MarketBeat reports. The firm currently has a GBX 200 ($2.61) price objective on the stock.

A number of other equities research analysts also recently weighed in on S32. Barclays PLC reissued an overweight rating and set a GBX 200 ($2.61) target price on shares of South32 in a report on Monday, March 6th. Liberum Capital reaffirmed a sell rating on shares of South32 in a research note on Monday, March 13th. Deutsche Bank AG dropped their price target on South32 from GBX 162 ($2.11) to GBX 153 ($1.99) and set a hold rating for the company in a research note on Friday, March 17th. BNP Paribas reiterated a neutral rating and issued a GBX 177 ($2.31) target price on shares of South32 in a research report on Tuesday, March 28th. Finally, Citigroup Inc. reiterated a buy rating and issued a GBX 200 ($2.61) target price on shares of South32 in a research report on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 170.18 ($2.22).

South32 (LON S32) opened at 174.00 on Monday. The stock’s market cap is GBX 9.26 billion. South32 has a 52 week low of GBX 104.75 and a 52 week high of GBX 184.00. The company’s 50 day moving average is GBX 163.45 and its 200 day moving average is GBX 163.47.

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