South32 Ltd (LON:S32) Given “Overweight” Rating at Barclays PLC

Barclays PLC reissued their overweight rating on shares of South32 Ltd (LON:S32) in a research report sent to investors on Friday.

A number of other equities research analysts also recently issued reports on the company. Citigroup Inc. downgraded South32 to a neutral rating and lowered their price target for the company from GBX 180 ($2.35) to GBX 170 ($2.22) in a research report on Friday. Deutsche Bank AG reissued a hold rating and set a GBX 160 ($2.09) price target on shares of South32 in a research report on Friday. HSBC Holdings plc downgraded South32 to a hold rating and lowered their price target for the company from GBX 190 ($2.48) to GBX 175 ($2.29) in a research report on Friday, July 14th. Macquarie reissued an outperform rating and set a GBX 200 ($2.61) price target on shares of South32 in a research report on Monday, July 3rd. Finally, Credit Suisse Group AG reissued an outperform rating and set a GBX 180 ($2.35) price target on shares of South32 in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. South32 presently has an average rating of Hold and an average target price of GBX 170.18 ($2.22).

Shares of South32 (LON S32) traded down 2.19% during trading on Friday, reaching GBX 167.25. The company had a trading volume of 2,458,577 shares. South32 has a 52 week low of GBX 101.25 and a 52 week high of GBX 184.00. The firm’s market capitalization is GBX 8.90 billion. The firm has a 50-day moving average of GBX 160.35 and a 200 day moving average of GBX 163.23.

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