A number of other brokerages have also recently issued reports on S32. Macquarie reiterated a neutral rating and set a GBX 190 ($2.52) target price on shares of South32 in a report on Tuesday, October 10th. Jefferies Group LLC restated a hold rating and issued a GBX 200 ($2.66) price target on shares of South32 in a report on Thursday. Citigroup Inc. cut South32 to a neutral rating and upped their price target for the stock from GBX 170 ($2.26) to GBX 190 ($2.52) in a report on Friday, August 25th. Liberum Capital restated a sell rating and issued a GBX 90 ($1.20) price target on shares of South32 in a report on Thursday, August 24th. Finally, Barclays PLC restated an overweight rating on shares of South32 in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 175.64 ($2.33).
Shares of South32 (S32) traded down 0.80% during mid-day trading on Friday, hitting GBX 186.50. 2,825,168 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 189.99 and a 200-day moving average price of GBX 172.21. The company’s market cap is GBX 9.71 billion. South32 has a one year low of GBX 143.25 and a one year high of GBX 201.25.
The firm also recently announced a dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th were given a $0.06 dividend. This represents a dividend yield of 2.78%. This is a positive change from South32’s previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, September 14th.
South32 Company Profile
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