Macquarie Reaffirms “Neutral” Rating for South32 Ltd (S32)

Macquarie reissued their neutral rating on shares of South32 Ltd (LON:S32) in a report published on Thursday. The firm currently has a GBX 190 ($2.45) target price on the stock.

S32 has been the topic of a number of other research reports. Credit Suisse Group restated an outperform rating and set a GBX 180 ($2.32) price target on shares of South32 in a report on Tuesday, June 27th. Jefferies Group LLC downgraded shares of South32 to a hold rating and cut their price target for the company from GBX 225 ($2.91) to GBX 170 ($2.20) in a report on Thursday, June 8th. Deutsche Bank AG restated a hold rating and set a GBX 160 ($2.07) price target on shares of South32 in a report on Monday, August 21st. Barclays PLC restated an overweight rating on shares of South32 in a report on Friday, July 21st. Finally, Citigroup Inc. downgraded shares of South32 to a neutral rating and cut their price target for the company from GBX 180 ($2.32) to GBX 170 ($2.20) in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. South32 currently has an average rating of Hold and an average target price of GBX 174.73 ($2.26).

Shares of South32 (LON S32) opened at 181.50 on Thursday. The company has a 50-day moving average price of GBX 182.55 and a 200 day moving average price of GBX 167.93. South32 has a one year low of GBX 127.35 and a one year high of GBX 196.75. The firm’s market capitalization is GBX 9.61 billion.

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

South32 Company Profile

Analyst Recommendations for South32 (LON:S32)

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