South32 (SOUHY) Upgraded to Buy at Citigroup
South32 (OTCMKTS:SOUHY) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Tuesday.
Several other analysts have also issued reports on SOUHY. Zacks Investment Research upgraded South32 from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Macquarie restated a “neutral” rating on shares of South32 in a research note on Thursday, August 31st. ValuEngine lowered South32 from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. UBS reiterated a “neutral” rating on shares of South32 in a research note on Thursday, October 5th. Finally, Deutsche Bank lowered South32 from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. South32 presently has a consensus rating of “Hold” and an average price target of $15.00.
South32 (SOUHY) traded up $0.27 during trading hours on Tuesday, reaching $12.64. The company’s stock had a trading volume of 3,639 shares, compared to its average volume of 59,148. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.04 and a current ratio of 2.48. South32 has a 12-month low of $9.20 and a 12-month high of $13.94.
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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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