South32 (S32) Receives Neutral Rating from Macquarie

South32 (LON:S32)‘s stock had its “neutral” rating reaffirmed by stock analysts at Macquarie in a research note issued to investors on Friday, February 2nd. They currently have a GBX 210 ($2.94) price target on the stock. Macquarie’s price objective indicates a potential downside of 1.13% from the company’s previous close.

Other analysts have also issued reports about the stock. 

Citigroup raised shares of South32 to a “buy” rating and set a GBX 210 ($2.94) price objective on the stock in a research report on Tuesday, December 5th. Deutsche Bank reiterated a “hold” rating and set a GBX 170 ($2.38) price objective on shares of South32 in a research note on Friday, October 20th. Jefferies Group reiterated a “hold” rating and set a GBX 200 ($2.80) price objective on shares of South32 in a research note on Thursday, October 19th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 180 ($2.52) price objective on shares of South32 in a research note on Wednesday, November 15th. Finally, Barclays raised their target price on shares of South32 from GBX 245 ($3.44) to GBX 265 ($3.72) and gave the company an “overweight” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 194.20 ($2.72).

South32 (LON:S32) traded up GBX 8 ($0.11) during midday trading on Friday, reaching GBX 213 ($2.99). 1,925,194 shares of the company traded hands, compared to its average volume of 2,350,000. South32 has a 52-week low of GBX 143.25 ($2.01) and a 52-week high of GBX 236 ($3.31).