UBS Group restated their buy rating on shares of South32 (LON:S32) in a research report sent to investors on Friday, investing.thisismoney.co.uk reports.
S32 has been the subject of a number of other reports. Deutsche Bank reduced their target price on shares of South32 from GBX 230 ($3.01) to GBX 225 ($2.94) and set a buy rating for the company in a report on Friday, January 18th. Citigroup restated a buy rating and set a GBX 250 ($3.27) target price on shares of South32 in a report on Monday, December 10th. Barclays reaffirmed an overweight rating on shares of South32 in a research note on Friday, October 12th. Finally, HSBC decreased 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 note on Friday, January 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. South32 presently has a consensus rating of Buy and a consensus target price of GBX 225 ($2.94).
Shares of LON:S32 opened at GBX 204 ($2.67) on Friday. 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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