South32’s (S32) “Sell” Rating Reaffirmed at Liberum Capital
Liberum Capital restated their sell rating on shares of South32 Ltd (LON:S32) in a research note issued to investors on Thursday. The brokerage currently has a GBX 90 ($1.17) target price on the stock.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group restated an outperform rating and set a GBX 180 ($2.34) price target on shares of South32 in a report on Tuesday, June 27th. HSBC Holdings plc restated a buy rating and set a GBX 205 ($2.66) price target on shares of South32 in a report on Wednesday, May 3rd. Macquarie restated an outperform rating and set a GBX 200 ($2.60) price target on shares of South32 in a report on Monday, July 3rd. Jefferies Group LLC cut shares of South32 to a hold rating and decreased their price target for the company from GBX 225 ($2.92) to GBX 170 ($2.21) in a report on Thursday, June 8th. Finally, Barclays PLC restated an overweight rating on shares of South32 in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 172.55 ($2.24).
South32 (LON:S32) opened at 177.75 on Thursday. The firm’s market cap is GBX 9.41 billion. South32 has a 1-year low of GBX 107.50 and a 1-year high of GBX 188.50. The company’s 50-day moving average price is GBX 175.64 and its 200 day moving average price is GBX 165.09.
ILLEGAL ACTIVITY NOTICE: “South32’s (S32) “Sell” Rating Reaffirmed at Liberum Capital” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/28/south32s-s32-sell-rating-reaffirmed-at-liberum-capital.html.
The business also recently announced a dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 14th will be paid a $0.06 dividend. This represents a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from South32’s previous dividend of $0.04.
South32 Company Profile
Receive News & Stock 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 stocks with our FREE daily email newsletter.