South32 Ltd (S32) Given New GBX 170 Price Target at Deutsche Bank AG

South32 Ltd (LON:S32) had its target price lifted by Deutsche Bank AG from GBX 160 ($2.07) to GBX 170 ($2.20) in a research note released on Tuesday. The brokerage currently has a hold rating on the stock.

S32 has been the subject of a number of other research reports. Credit Suisse Group reiterated an outperform rating and issued a GBX 180 ($2.32) target price on shares of South32 in a research report on Tuesday, June 27th. Macquarie reiterated an outperform rating and issued a GBX 200 ($2.58) target price on shares of South32 in a research report on Monday, July 3rd. Jefferies Group LLC downgraded shares of South32 to a hold rating and cut their target price for the stock from GBX 225 ($2.91) to GBX 170 ($2.20) in a research report on Thursday, June 8th. Barclays PLC reiterated an overweight rating on shares of South32 in a research report on Friday, July 21st. Finally, Citigroup Inc. downgraded shares of South32 to a neutral rating and cut their target price for the stock from GBX 180 ($2.32) to GBX 170 ($2.20) in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 174.73 ($2.26).

Shares of South32 (LON S32) opened at 193.75 on Tuesday. The company’s 50-day moving average is GBX 181.31 and its 200-day moving average is GBX 167.40. South32 has a 12 month low of GBX 119.81 and a 12 month high of GBX 196.75. The stock’s market capitalization is GBX 10.26 billion.

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

About South32

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