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

Shares of South32 Ltd (LON:S32) have been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 171.20 ($2.27).

A number of research analysts have issued reports on the company. Deutsche Bank AG lifted their price target on South32 from GBX 160 ($2.12) to GBX 170 ($2.25) and gave the company a “hold” rating in a report on Tuesday, September 12th. Macquarie reaffirmed a “neutral” rating and issued a GBX 190 ($2.52) price target on shares of South32 in a report on Thursday, September 14th. Citigroup Inc. cut South32 to a “neutral” rating and lifted their price target for the company from GBX 170 ($2.25) to GBX 190 ($2.52) in a report on Friday, August 25th. Jefferies Group LLC lifted their price target on South32 from GBX 170 ($2.25) to GBX 200 ($2.65) and gave the company a “hold” rating in a report on Friday, August 25th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 90 ($1.19) price target on shares of South32 in a report on Thursday, August 24th.

South32 (LON S32) opened at 197.75 on Friday. South32 has a 52-week low of GBX 143.25 and a 52-week high of GBX 201.25. The stock’s market cap is GBX 10.29 billion. The company’s 50 day moving average is GBX 186.95 and its 200-day moving average is GBX 170.60.

The business also recently announced 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 is a positive change from South32’s previous dividend of $0.04. This represents a dividend yield of 2.78%. The ex-dividend date is Thursday, September 14th.

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South32 Company Profile

Analyst Recommendations for South32 (LON:S32)

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