SOUTH32 LTD SPON (SOUHY) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of SOUTH32 LTD SPON (NASDAQ:SOUHY) from a sell rating to a hold rating in a report issued on Tuesday morning.
According to Zacks, “South32 Limited is a resources company. The Company primarily produces alumina, aluminium, coal, manganese, nickel, silver, lead and zinc. South32 Limited is based in Perth, Australia. “
A number of other analysts have also commented on SOUHY. Jefferies Group LLC lowered SOUTH32 LTD SPON from a buy rating to a hold rating in a report on Thursday, June 8th. HSBC Holdings plc reaffirmed a hold rating on shares of SOUTH32 LTD SPON in a report on Friday, July 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $12.00.
SOUTH32 LTD SPON (NASDAQ SOUHY) opened at 11.68 on Tuesday. The company’s 50-day moving average price is $11.49 and its 200 day moving average price is $10.54. SOUTH32 LTD SPON has a 12 month low of $7.41 and a 12 month high of $12.06. The firm has a market capitalization of $12.37 billion and a PE ratio of 10.20.
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