Macquarie Downgrades South32 Ltd. (SOUHY) to Neutral
Macquarie cut shares of South32 Ltd. (OTC:SOUHY) from an outperform rating to a neutral rating in a research note issued to investors on Thursday, StockTargetPrices.com reports.
Other research analysts have also recently issued research reports about the stock. HSBC Holdings plc cut shares of South32 from a buy rating to a hold rating in a report on Friday, July 14th. Jefferies Group LLC cut shares of South32 from a buy rating to a hold rating in a report on Thursday, June 8th.
South32 (OTC SOUHY) opened at 11.80 on Thursday. The stock has a 50 day moving average of $11.52 and a 200 day moving average of $10.55. South32 has a 12-month low of $7.41 and a 12-month high of $12.06. The company has a market capitalization of $12.50 billion, a PE ratio of 10.31 and a beta of 1.63.
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South32 Company Profile
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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