South32 (S32) Earns “Buy” Rating from UBS Group

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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.

Several other research firms have also issued reports on S32. Deutsche Bank restated a buy rating on shares of South32 in a research report on Monday, October 15th. HSBC decreased their target price on 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 restated a buy rating and set a GBX 250 ($3.27) target price on shares of South32 in a research report on Monday, December 10th. Finally, Barclays restated an overweight rating on shares of South32 in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of GBX 225 ($2.94).

South32 stock opened at GBX 198.60 ($2.60) on Friday. South32 has a 1 year low of GBX 143.25 ($1.87) and a 1 year 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.

Further Reading: Quiet Period

Analyst Recommendations for South32 (LON:S32)

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