South32 Ltd (S32) Receives Consensus Rating of “Hold” from Analysts

Shares of South32 Ltd (LON:S32) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 171.20 ($2.21).

Several equities research analysts recently issued reports on the company. Deutsche Bank AG lifted their price objective on South32 from GBX 160 ($2.07) to GBX 170 ($2.20) and gave the stock a “hold” rating in a report on Tuesday. Citigroup Inc. cut South32 to a “neutral” rating and boosted their target price for the stock from GBX 170 ($2.20) to GBX 190 ($2.45) in a report on Friday, August 25th. Macquarie restated an “outperform” rating and set a GBX 156 ($2.01) target price (down from GBX 200 ($2.58)) on shares of South32 in a report on Friday, August 25th. Jefferies Group LLC boosted their target price on South32 from GBX 170 ($2.20) to GBX 200 ($2.58) and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Liberum Capital restated a “sell” rating and set a GBX 90 ($1.16) target price on shares of South32 in a report on Thursday, August 24th.

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Shares of South32 (LON S32) opened at 192.50 on Wednesday. The company has a 50 day moving average price of GBX 181.31 and a 200-day moving average price of GBX 167.40. The stock’s market capitalization is GBX 10.19 billion. South32 has a 52-week low of GBX 119.81 and a 52-week high of GBX 196.75.

The company also recently declared a dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th will be given a dividend of $0.06 per share. This represents a dividend yield of 2.78%. The ex-dividend date is Thursday, September 14th. This is a positive change from South32’s previous dividend of $0.04.

About South32

Analyst Recommendations for South32 (LON:S32)

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