UBS AG downgraded shares of South32 Ltd. (OTC:SOUHY) from a buy rating to a neutral rating in a report issued on Thursday, October 5th, StockTargetPrices.com reports.
Other equities research analysts have also recently issued reports about the company. ValuEngine cut South32 from a strong-buy rating to a buy rating in a report on Friday, September 1st. Macquarie cut South32 from an outperform rating to a neutral rating in a report on Thursday, August 31st. HSBC Holdings plc cut South32 from a buy rating to a hold rating in a report on Friday, July 14th. Finally, Jefferies Group LLC lowered South32 from a buy rating to a hold rating in a research report on Thursday, June 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold.
South32 (SOUHY) opened at 12.49 on Thursday. The stock’s 50 day moving average price is $12.50 and its 200 day moving average price is $11.08. South32 has a 52-week low of $9.20 and a 52-week high of $13.39. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 10.91 and a beta of 1.67.
South32 Limited operates as a diversified metals and mining company primarily in Australia, South America, and Southern Africa. It has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. South32 Limited also exports its products.
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