South32 Ltd (S32) Hits New 1-Year High at $201.00
South32 Ltd (LON:S32)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 201 ($2.67) and last traded at GBX 199.75 ($2.65), with a volume of 4,430,643 shares changing hands. The stock had previously closed at GBX 192.75 ($2.56).
S32 has been the subject of several recent research reports. Jefferies Group LLC lowered South32 to a “hold” rating and cut their price target for the company from GBX 225 ($2.98) to GBX 170 ($2.25) in a report on Thursday, June 8th. Macquarie reaffirmed an “outperform” rating and issued a GBX 200 ($2.65) price objective on shares of South32 in a research note on Monday, June 19th. Deutsche Bank AG raised their price objective on South32 from GBX 150 ($1.99) to GBX 160 ($2.12) and gave the stock a “hold” rating in a research note on Thursday, June 22nd. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 180 ($2.39) price objective on shares of South32 in a research report on Tuesday, June 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 210 ($2.79) price objective on shares of South32 in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. South32 has an average rating of “Hold” and an average price target of GBX 174.73 ($2.32).
The firm’s 50-day moving average price is GBX 185.93 and its 200-day moving average price is GBX 170.04. The stock’s market cap is GBX 10.32 billion.
The business also recently declared a dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, September 14th will be given a dividend of $0.06 per share. This is a boost from South32’s previous dividend of $0.04. This represents a yield of 2.78%. The ex-dividend date of this dividend is Thursday, September 14th.
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