Deutsche Bank AG Raises South32 Ltd (S32) Price Target to GBX 170

South32 Ltd (LON:S32) had its price target increased by equities research analysts at Deutsche Bank AG from GBX 160 ($2.07) to GBX 170 ($2.20) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price target points to a potential downside of 10.53% from the company’s previous close.

Other analysts also recently issued reports about the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 225 ($2.91) price objective on shares of South32 in a report on Monday, May 15th. Macquarie reaffirmed an “outperform” rating and set a GBX 200 ($2.58) price objective on shares of South32 in a report on Monday, June 19th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 210 ($2.71) price objective on shares of South32 in a report on Friday, July 14th. Citigroup Inc. downgraded shares of South32 to a “neutral” rating and lifted their price objective for the stock from GBX 170 ($2.20) to GBX 190 ($2.45) in a report on Friday, August 25th. Finally, HSBC Holdings plc downgraded shares of South32 to a “hold” rating and dropped their price objective for the stock from GBX 190 ($2.45) to GBX 175 ($2.26) in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 174.73 ($2.26).

South32 (LON:S32) opened at 190.00 on Tuesday. South32 has a one year low of GBX 119.00 and a one year high of GBX 192.00. The firm’s market capitalization is GBX 10.06 billion. The stock’s 50 day moving average is GBX 180.96 and its 200 day moving average is GBX 167.10.

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