Does South32 Ltd Have More Gas After Reaching 52-Week High?

 Does South32 Ltd Have More Gas After Reaching 52 Week High?

The stock of South32 Ltd (LON:S32) hit a new 52-week high and has GBX 484.12 target or 195.00% above today’s GBX 164.11 share price. The 8 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 11 by Barchart.com. If the GBX 484.12 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 3.04% or GBX 5.14 on November 11, hitting GBX 164.11. About 4.71 million shares traded hands or 21.08% up from the average. South32 Ltd (LON:S32) has risen 99.40% since April 15, 2016 and is uptrending. It has outperformed by 93.25% the S&P500.

South32 Ltd (LON:S32) Ratings Coverage

Out of 11 analysts covering South32 Limited Ord Npv Di Wi (LON:S32), 5 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 45% are positive. South32 Limited Ord Npv Di Wi has been the topic of 121 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Macquarie Research maintained South32 Ltd (LON:S32) on Monday, October 17 with “Outperform” rating. Deutsche Bank maintained South32 Ltd (LON:S32) on Tuesday, August 25 with “Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Tuesday, August 9. Deutsche Bank maintained the stock with “Hold” rating in Monday, November 7 report. On Tuesday, August 25 the stock rating was maintained by Barclays Capital with “Equal Weight”. Liberum Capital maintained the stock with “Hold” rating in Thursday, January 21 report. On Friday, November 4 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of South32 Ltd (LON:S32) has “Hold” rating given on Thursday, February 25 by Liberum Capital. BNP Paribas maintained the shares of S32 in a report on Wednesday, June 29 with “Outperform” rating. The firm has “Outperform” rating given on Tuesday, November 1 by Macquarie Research.

More notable recent South32 Ltd (LON:S32) news were published by: Seekingalpha.com which released: “South32: Coal Is The New Gold” on November 07, 2016, also Wsj.com with their article: “A Year After Spinoff from BHP, South32 Shapes Up” published on June 02, 2016, Fool.com.Au published: “Can South32 Ltd shares go higher?” on October 17, 2016. More interesting news about South32 Ltd (LON:S32) were released by: Fool.com.Au and their article: “South32 Ltd shares go gangbusters on dividend talk” published on July 12, 2016 as well as Fool.com.Au‘s news article titled: “Why South32 Ltd shares are sinking on its year to forget” with publication date: August 25, 2016.

South32 Limited is a metals and mining company. The company has a market cap of GBP.

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