South32 Ltd. (SOUHY) Receives $15.00 Consensus Target Price from Analysts

Shares of South32 Ltd. (OTCMKTS:SOUHY) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.00.

Several equities research analysts recently commented on SOUHY shares. Zacks Investment Research raised South32 from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Macquarie reissued a “neutral” rating on shares of South32 in a research note on Thursday, August 31st. ValuEngine cut South32 from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. UBS reissued a “neutral” rating on shares of South32 in a research note on Thursday, October 5th. Finally, Deutsche Bank cut South32 from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th.

South32 (SOUHY) traded up $0.22 during trading hours on Friday, hitting $12.59. The company had a trading volume of 18,401 shares, compared to its average volume of 59,148. South32 has a 12-month low of $9.20 and a 12-month high of $13.94. The company has a quick ratio of 2.04, a current ratio of 2.48 and a debt-to-equity ratio of 0.06.

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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, ferronickel, silver, lead, and zinc. It also exports its products.

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