South32 Ltd (S32) Receives Average Rating of “Hold” from Brokerages
Shares of South32 Ltd (LON:S32) have earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 172.20 ($2.27).
S32 has been the topic of a number of analyst reports. Macquarie reiterated an “outperform” rating and set a GBX 156 ($2.06) target price (down previously from GBX 200 ($2.64)) on shares of South32 in a report on Friday, August 25th. Citigroup Inc. cut South32 to a “neutral” rating and lowered their target price for the company from GBX 180 ($2.38) to GBX 170 ($2.24) in a report on Friday, July 21st. Deutsche Bank AG increased their target price on South32 from GBX 160 ($2.11) to GBX 180 ($2.38) and gave the company a “hold” rating in a report on Sunday, August 27th. Liberum Capital reiterated a “sell” rating and set a GBX 90 ($1.19) target price on shares of South32 in a report on Thursday, August 24th. Finally, Barclays PLC restated an “overweight” rating and set a GBX 210 ($2.77) price objective on shares of South32 in a report on Friday, July 14th.
The firm also recently disclosed a dividend, which was paid on Thursday, October 12th. Stockholders of record on Thursday, September 14th were issued a dividend of $0.06 per share. This is a boost from South32’s previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 14th. This represents a dividend yield of 2.78%.
South32 Company Profile
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.