South32’s (S32) “Purchase” Rating Restated at UBS Group

South32’s (S32) “Purchase” Rating Restated at UBS Group

UBS Group reaffirmed their buy rating on shares of South32 (LON:S32) in a research report report published on Friday morning, investing.thisismoney.co.uk reports.

A number of other research analysts have also commented on S32. Deutsche Bank reaffirmed a buy rating on shares of South32 in a research report on Monday, October 15th. HSBC cut their price objective on shares of South32 from GBX 230 ($3.01) to GBX 220 ($2.87) and set a buy rating for the company in a research report on Friday, January 18th. Citigroup reaffirmed a buy rating and set a GBX 250 ($3.27) price objective on shares of South32 in a research report on Monday, December 10th. Finally, Barclays reaffirmed an overweight rating on shares of South32 in a research report on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. South32 currently has a consensus rating of Buy and an average target price of GBX 225 ($2.94).

South32 stock traded down GBX 0.60 ($0.01) on Friday, reaching GBX 198.60 ($2.60). 507,835 shares of the stock were exchanged, compared to its average volume of 3,660,000. South32 has a twelve month low of GBX 143.25 ($1.87) and a twelve month high of GBX 236 ($3.08).

About South32

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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