SOUTH32 LTD SPON (NASDAQ:SOUHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The brokerage presently has a $14.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 14.57% from the stock’s current price.

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. “

Several other brokerages have also issued reports on SOUHY. Macquarie reissued a “neutral” rating on shares of SOUTH32 LTD SPON in a report on Thursday, August 31st. HSBC Holdings plc reissued a “hold” rating on shares of SOUTH32 LTD SPON in a report on Friday, July 14th. Finally, Jefferies Group LLC lowered shares of SOUTH32 LTD SPON from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. SOUTH32 LTD SPON currently has an average rating of “Buy” and a consensus target price of $14.00.

Shares of SOUTH32 LTD SPON (SOUHY) opened at 12.22 on Friday. The stock has a market capitalization of $12.94 billion and a price-to-earnings ratio of 10.67. The company’s 50 day moving average price is $11.88 and its 200 day moving average price is $10.72. SOUTH32 LTD SPON has a one year low of $8.59 and a one year high of $12.90.

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