South32 Ltd (LON:S32) was downgraded by research analysts at HSBC Holdings plc to a “hold” rating in a report released on Friday, July 14th. They currently have a GBX 175 ($2.28) price target on the stock, down from their prior price target of GBX 190 ($2.48). HSBC Holdings plc’s price objective would indicate a potential upside of 0.57% from the stock’s current price.
A number of other equities analysts have also weighed in on S32. Barclays PLC restated an “overweight” rating and set a GBX 210 ($2.74) price target on shares of South32 in a research report on Friday, July 14th. BNP Paribas restated a “neutral” rating and set a GBX 177 ($2.31) price target on shares of South32 in a research report on Tuesday, March 28th. Citigroup Inc. restated a “buy” rating and set a GBX 190 ($2.48) price target on shares of South32 in a research report on Wednesday, May 3rd. Deutsche Bank AG restated a “hold” rating and set a GBX 150 ($1.95) price target on shares of South32 in a research report on Thursday, May 4th. Finally, Jefferies Group LLC downgraded shares of South32 to a “hold” rating and reduced their target price for the stock from GBX 225 ($2.93) to GBX 170 ($2.21) in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 170.18 ($2.22).
Shares of South32 (S32) traded down 2.52% during trading on Friday, reaching GBX 174.00. The company’s stock had a trading volume of 1,295,918 shares. The company’s market capitalization is GBX 9.26 billion. South32 has a one year low of GBX 103.62 and a one year high of GBX 184.00. The firm’s 50-day moving average price is GBX 163.25 and its 200-day moving average price is GBX 163.49.
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About South32
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