HSBC Holdings plc cut shares of South32 Ltd (LON:S32) to a hold rating in a research note published on Friday. They currently have GBX 175 ($2.29) price target on the stock, down from their prior price target of GBX 190 ($2.48).
A number of other research analysts have also recently issued reports on the company. Macquarie reiterated an outperform rating and set a GBX 162 ($2.12) price objective (down previously from GBX 230 ($3.00)) on shares of South32 in a research note on Tuesday, March 28th. Jefferies Group LLC reissued a buy rating and issued a GBX 225 ($2.94) target price on shares of South32 in a report on Monday, May 15th. Liberum Capital reissued a sell rating and issued a GBX 90 ($1.18) target price on shares of South32 in a report on Wednesday, May 10th. Citigroup Inc. reduced their target price on South32 from GBX 200 ($2.61) to GBX 190 ($2.48) and set a buy rating for the company in a report on Thursday, April 27th. Finally, Credit Suisse Group reissued an outperform rating and issued a GBX 180 ($2.35) target price on shares of South32 in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 171.09 ($2.23).
South32 (S32) traded down 0.29% during trading on Friday, hitting GBX 173.25. The company had a trading volume of 2,122,648 shares. The stock’s market capitalization is GBX 9.22 billion. South32 has a 1-year low of GBX 100.81 and a 1-year high of GBX 184.00. The company’s 50 day moving average price is GBX 155.62 and its 200-day moving average price is GBX 162.53.
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South32 Company Profile
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