South32 (S32) Hits New 12-Month High at $212.80

Shares of South32 Ltd (LON:S32) reached a new 52-week high on Friday . The stock traded as high as GBX 212.80 ($2.85) and last traded at GBX 211 ($2.82), with a volume of 685710 shares traded. The stock had previously closed at GBX 206.80 ($2.77).

Several research firms have recently weighed in on S32. Deutsche Bank reiterated a “sell” rating and set a GBX 170 ($2.27) target price on shares of South32 in a research report on Thursday, December 7th. Citigroup upgraded South32 to a “buy” rating and set a GBX 210 ($2.81) target price for the company in a research report on Tuesday, December 5th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 180 ($2.41) target price on shares of South32 in a research report on Wednesday, November 15th. Liberum Capital reiterated a “sell” rating and set a GBX 150 ($2.01) target price on shares of South32 in a research report on Friday, November 10th. Finally, Barclays reiterated an “overweight” rating on shares of South32 in a research report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 185.70 ($2.48).

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