Deutsche Bank AG Raises South32 Ltd (S32) Price Target to GBX 180
South32 Ltd (LON:S32) had its price objective increased by Deutsche Bank AG from GBX 160 ($2.07) to GBX 180 ($2.33) in a research report sent to investors on Sunday morning, StockTargetPrices.com reports. Deutsche Bank AG currently has a hold rating on the stock.
A number of other analysts have also recently issued reports on S32. Citigroup Inc. reissued a buy rating and set a GBX 190 ($2.46) price objective on shares of South32 in a research report on Wednesday, May 3rd. HSBC Holdings plc reissued a buy rating and set a GBX 205 ($2.65) price objective on shares of South32 in a research report on Wednesday, May 3rd. Barclays PLC reissued an overweight rating and set a GBX 210 ($2.72) price objective on shares of South32 in a research report on Wednesday, May 3rd. Macquarie reissued an outperform rating and set a GBX 220 ($2.85) price objective on shares of South32 in a research report on Friday, May 5th. Finally, Liberum Capital reissued a sell rating and set a GBX 90 ($1.16) price objective on shares of South32 in a research report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. South32 currently has an average rating of Hold and a consensus price target of GBX 172.55 ($2.23).
Shares of South32 (S32) opened at 177.00 on Friday. The firm’s market capitalization is GBX 9.37 billion. South32 has a 52 week low of GBX 107.50 and a 52 week high of GBX 188.50. The firm has a 50 day moving average price of GBX 175.64 and a 200-day moving average price of GBX 165.09.
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The business also recently announced a dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.06 per share. This is a positive change from South32’s previous dividend of $0.04. This represents a yield of 2.78%. The ex-dividend date is Thursday, September 14th.
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