South32 Ltd (LON:S32) had its price target reduced by stock analysts at Deutsche Bank AG from GBX 162 ($2.00) to GBX 153 ($1.89) in a report released on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would indicate a potential downside of 11.43% from the company’s current price.
Several other equities research analysts have also recently weighed in on S32. BNP Paribas reissued a “neutral” rating and issued a GBX 177 ($2.19) price target on shares of South32 in a research note on Friday, February 17th. Barclays PLC reissued an “overweight” rating and issued a GBX 200 ($2.47) price target on shares of South32 in a research note on Monday, March 6th. Citigroup Inc increased their price target on South32 from GBX 190 ($2.35) to GBX 200 ($2.47) and gave the company a “buy” rating in a research note on Friday, February 17th. Jefferies Group LLC decreased their price target on South32 from GBX 225 ($2.78) to GBX 215 ($2.66) and set a “buy” rating for the company in a research note on Wednesday, February 22nd. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 90 ($1.11) price target on shares of South32 in a research note on Thursday, February 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. South32 presently has an average rating of “Hold” and an average price target of GBX 176.50 ($2.18).
Shares of South32 (LON:S32) opened at 172.75 on Friday. The firm’s market cap is GBX 9.19 billion. South32 has a 12 month low of GBX 71.50 and a 12 month high of GBX 181.00. The company has a 50-day moving average price of GBX 163.48 and a 200-day moving average price of GBX 157.72.
The company also recently declared a dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, March 9th will be issued a GBX 0.04 ($0.00) dividend. The ex-dividend date is Thursday, March 9th. This represents a yield of 1.79%.
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