Deutsche Bank Reaffirms “Sell” Rating for South32 (S32)

Deutsche Bank restated their sell rating on shares of South32 (LON:S32) in a research report report published on Thursday, December 7th. The firm currently has a GBX 170 ($2.27) price target on the stock.

Other equities analysts have also issued reports about the stock. Macquarie restated a neutral rating and issued a GBX 190 ($2.54) price objective on shares of South32 in a report on Thursday, September 14th. Jefferies Group increased their price objective on shares of South32 from GBX 170 ($2.27) to GBX 200 ($2.67) and gave the company a hold rating in a report on Friday, August 25th. Citigroup lowered shares of South32 to a neutral rating and increased their target price for the stock from GBX 170 ($2.27) to GBX 190 ($2.54) in a report on Friday, August 25th. Liberum Capital reiterated a sell rating and issued a GBX 90 ($1.20) target price on shares of South32 in a report on Thursday, August 24th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 180 ($2.41) target price on shares of South32 in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 185.70 ($2.48).

Shares of South32 (LON:S32) traded up GBX 2.25 ($0.03) during mid-day trading on Thursday, hitting GBX 205 ($2.74). 1,315,966 shares of the stock were exchanged, compared to its average volume of 1,840,000. South32 has a 12 month low of GBX 143.25 ($1.92) and a 12 month high of GBX 212.50 ($2.84).

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