Deutsche Bank Raises South32 (S32) Price Target to GBX 180

South32 (LON:S32) had its target price upped by Deutsche Bank from GBX 170 ($2.31) to GBX 180 ($2.44) in a research note issued to investors on Monday morning. The brokerage currently has a sell rating on the stock.

Several other equities research analysts have also recently commented on the company. Citigroup increased their price objective on South32 from GBX 190 ($2.58) to GBX 200 ($2.71) and gave the company a neutral rating in a research report on Friday, November 17th. Liberum Capital reaffirmed a sell rating and set a GBX 150 ($2.03) price objective on shares of South32 in a research report on Friday, November 10th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 180 ($2.44) price objective on shares of South32 in a research report on Wednesday, November 15th. Barclays reaffirmed an overweight rating on shares of South32 in a research report on Tuesday, October 24th. Finally, Macquarie reaffirmed a neutral rating and set a GBX 200 ($2.71) price objective on shares of South32 in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 192.20 ($2.61).

South32 (LON:S32) traded down GBX 0.20 ($0.00) during midday trading on Monday, hitting GBX 226 ($3.06). The stock had a trading volume of 4,120,000 shares, compared to its average volume of 1,630,000. South32 has a 52-week low of GBX 143.25 ($1.94) and a 52-week high of GBX 236 ($3.20).

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