South32 Price Target Increased to GBX 185 by Analysts at Liberum Capital
Date: Jun 4, 2018
South32 (LON:S32) had its target price upped by Liberum Capital from GBX 90 ($1.21) to GBX 185 ($2.48) in a report issued on Friday, May 18th. The firm currently has a “sell” rating on the stock. Liberum Capital’s target price indicates a potential downside of 14.67% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Citigroup upgraded shares of South32 to a “neutral” rating and dropped their target price for the company from GBX 200 ($2.68) to GBX 180 ($2.42) in a report on Thursday, April 5th. Credit Suisse Group upgraded shares of South32 to a “neutral” rating in a report on Monday, March 19th. Deutsche Bank reiterated a “sell” rating and set a GBX 180 ($2.42) price target on shares of South32 in a report on Friday, February 16th. Macquarie reaffirmed a “neutral” rating and set a GBX 210 ($2.82) price target on shares of South32 in a research report on Friday, February 2nd. Finally, HSBC raised shares of South32 to a “buy” rating and lifted their price target for the company from GBX 210 ($2.82) to GBX 225 ($3.02) in a research report on Wednesday, April 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. South32 has an average rating of “Hold” and an average target price of GBX 200.56 ($2.69).