South32 Ltd. (SOUHY) Downgraded to “Neutral” at UBS AG
South32 Ltd. (OTC:SOUHY) was downgraded by equities research analysts at UBS AG from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports.
SOUHY has been the topic of a number of other research reports. Jefferies Group LLC cut shares of South32 from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. HSBC Holdings plc cut shares of South32 from a “buy” rating to a “hold” rating in a report on Friday, July 14th. ValuEngine cut shares of South32 from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Macquarie cut shares of South32 from an “outperform” rating to a “neutral” rating in a report on Thursday, August 31st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.
South32 (OTC SOUHY) traded down 0.62% on Thursday, reaching $12.91. 5,217 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $12.26 and its 200 day moving average price is $10.96. The company has a market cap of $13.44 billion, a PE ratio of 11.28 and a beta of 1.67. South32 has a 12 month low of $9.04 and a 12 month high of $13.39.
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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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