UBS Group Upgrades South32 (S32) to “Buy”
UBS Group upgraded shares of South32 (LON:S32) to a buy rating in a research report released on Wednesday, investing.thisismoney.co.uk reports. The firm currently has GBX 210 ($2.74) target price on the stock, down from their prior target price of GBX 215 ($2.81).
S32 has been the subject of a number of other reports. Barclays reiterated an overweight rating on shares of South32 in a report on Friday, October 12th. HSBC upgraded shares of South32 to a buy rating and upped their price objective for the stock from GBX 225 ($2.94) to GBX 230 ($3.01) in a report on Wednesday, October 31st. Deutsche Bank upgraded shares of South32 to a buy rating and upped their price objective for the stock from GBX 210 ($2.74) to GBX 235 ($3.07) in a report on Tuesday, September 11th. Finally, Citigroup upgraded shares of South32 to a buy rating and upped their price objective for the stock from GBX 205 ($2.68) to GBX 230 ($3.01) in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of GBX 225 ($2.94).
Shares of LON:S32 opened at GBX 175.50 ($2.29) on Wednesday. South32 has a 1 year low of GBX 143.25 ($1.87) and a 1 year high of GBX 236 ($3.08).
South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, laterite ferronickel, silver, lead, and zinc.
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