SOUTH32 LTD SPON (SOUHY) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of SOUTH32 LTD SPON (NASDAQ:SOUHY) from a hold rating to a buy rating in a report released on Saturday. The firm currently has $14.00 target price on the basic materials company’s stock.
According to Zacks, “South32 Limited is a resources company. The Company primarily produces alumina, aluminium, coal, manganese, nickel, silver, lead and zinc. South32 Limited is based in Perth, Australia. “
SOUHY has been the subject of a number of other reports. HSBC Holdings plc reaffirmed a hold rating on shares of SOUTH32 LTD SPON in a research note on Friday, July 14th. Macquarie reissued a neutral rating on shares of SOUTH32 LTD SPON in a research note on Thursday, August 31st. Finally, Jefferies Group LLC downgraded shares of SOUTH32 LTD SPON from a buy rating to a hold rating in a research note on Thursday, June 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $14.00.
SOUTH32 LTD SPON (NASDAQ:SOUHY) traded down 2.94% during midday trading on Friday, reaching $12.22. 435,035 shares of the company traded hands. SOUTH32 LTD SPON has a 12 month low of $8.59 and a 12 month high of $12.90. The firm’s 50 day moving average price is $11.88 and its 200 day moving average price is $10.72. The firm has a market capitalization of $12.94 billion and a price-to-earnings ratio of 10.67.
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