South32 Ltd (S32) Given New GBX 160 Price Target at Deutsche Bank AG

South32 Ltd (LON:S32) had its target price lifted by Deutsche Bank AG from GBX 150 ($1.91) to GBX 160 ($2.04) in a report released on Thursday morning. Deutsche Bank AG currently has a hold rating on the stock.

Several other analysts have also recently issued reports on S32. Macquarie reaffirmed an outperform rating and set a GBX 230 ($2.93) target price on shares of South32 in a research report on Monday, March 6th. Liberum Capital reaffirmed a sell rating and set a GBX 90 ($1.15) target price on shares of South32 in a research report on Tuesday, April 11th. BNP Paribas reaffirmed a neutral rating and set a GBX 177 ($2.26) target price on shares of South32 in a research report on Tuesday, March 28th. Barclays PLC reaffirmed an overweight rating and set a GBX 210 ($2.68) target price on shares of South32 in a research report on Friday, April 21st. Finally, Jefferies Group LLC reissued a buy rating and issued a GBX 225 ($2.87) price objective on shares of South32 in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 170.70 ($2.17).

Shares of South32 (S32) traded up 1.32% during midday trading on Thursday, hitting GBX 154.00. The stock had a trading volume of 1,479,473 shares. South32 has a 52-week low of GBX 84.75 and a 52-week high of GBX 184.00. The company’s market cap is GBX 8.19 billion. The company’s 50 day moving average is GBX 155.22 and its 200 day moving average is GBX 163.22.

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