South32’s (S32) Buy Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of South32 (LON:S32) in a report released on Friday morning, reports.

A number of other analysts have also commented on the company. HSBC raised South32 to a buy rating and boosted their price objective for the stock from GBX 225 ($2.94) to GBX 230 ($3.01) in a report on Wednesday, October 31st. Deutsche Bank upped their target price on South32 from GBX 235 ($3.07) to GBX 250 ($3.27) and gave the company a buy rating in a report on Tuesday, October 2nd. Citigroup reaffirmed a buy rating and issued a GBX 250 ($3.27) target price on shares of South32 in a report on Monday, December 10th. Finally, Barclays reaffirmed an overweight rating on shares of South32 in a report on Friday, October 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. South32 has an average rating of Buy and an average price target of GBX 222.86 ($2.91).

Shares of S32 opened at GBX 186.20 ($2.43) on Friday. South32 has a 52 week low of GBX 143.25 ($1.87) and a 52 week high of GBX 236 ($3.08).

South32 Company Profile

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: Do investors pay a separate front-end load every time they buy additional shares?

Analyst Recommendations for South32 (LON:S32)

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