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.
WARNING: This piece was originally reported by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2888186/south32-ltd-s32-given-new-gbx-170-price-target-at-deutsche-bank-ag.html.
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.
Receive News & Ratings for South32 Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South32 Ltd and related companies with MarketBeat.com's FREE daily email newsletter.