Brokerages Set South32 Ltd (LON:S32) Target Price at $166.20

South32 Ltd (LON:S32) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 166.20 ($2.16).

Several brokerages have recently issued reports on S32. Jefferies Group LLC lifted their target price on shares of South32 from GBX 215 ($2.80) to GBX 225 ($2.93) and gave the company a “buy” rating in a research report on Tuesday, April 18th. Citigroup Inc. lowered shares of South32 to a “neutral” rating and dropped their target price for the company from GBX 180 ($2.34) to GBX 170 ($2.21) in a research report on Friday, July 21st. Barclays PLC reiterated an “overweight” rating on shares of South32 in a research report on Friday, July 21st. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 160 ($2.08) target price on shares of South32 in a research report on Friday, July 21st. Finally, HSBC Holdings plc lowered shares of South32 to a “hold” rating and dropped their target price for the company from GBX 190 ($2.47) to GBX 175 ($2.28) in a research report on Friday, July 14th.

Shares of South32 (LON S32) traded down 1.90% during mid-day trading on Tuesday, reaching GBX 180.25. 1,071,049 shares of the company’s stock traded hands. South32 has a 12-month low of GBX 107.50 and a 12-month high of GBX 187.10. The company’s market cap is GBX 9.59 billion. The company’s 50 day moving average is GBX 169.97 and its 200 day moving average is GBX 164.23.

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About South32

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