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

Macquarie reiterated their neutral rating on shares of South32 Ltd (LON:S32) in a report issued on Tuesday. The firm currently has a GBX 190 ($2.50) price target on the stock.

S32 has been the subject of several other reports. Deutsche Bank AG restated a hold rating and set a GBX 160 ($2.10) target price on shares of South32 in a research report on Friday, July 21st. Citigroup Inc. lowered shares of South32 to a neutral rating and cut their target price for the company from GBX 180 ($2.37) to GBX 170 ($2.24) in a research report on Friday, July 21st. Liberum Capital restated a sell rating and set a GBX 90 ($1.18) target price on shares of South32 in a research report on Thursday, August 24th. HSBC Holdings plc lowered shares of South32 to a hold rating and cut their target price for the company from GBX 190 ($2.50) to GBX 175 ($2.30) in a research report on Friday, July 14th. Finally, Barclays PLC restated an overweight rating on shares of South32 in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. South32 currently has a consensus rating of Hold and a consensus target price of GBX 174.73 ($2.30).

TRADEMARK VIOLATION NOTICE: “Macquarie Reaffirms “Neutral” Rating for South32 Ltd (S32)” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/10/13/macquarie-reaffirms-neutral-rating-for-south32-ltd-s32.html.

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

About South32

Analyst Recommendations for South32 (LON:S32)

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.

Latest News

Leave a Reply