Credit Suisse Group Upgrades South32 (S32) to Neutral

South32 (LON:S32) was upgraded by research analysts at Credit Suisse Group to a “neutral” rating in a research report issued on Monday, March 19th.

Other equities analysts have also issued research reports about the company. Citigroup raised South32 to a “buy” rating and set a GBX 210 ($2.97) target price for the company in a research report on Tuesday, December 5th. Deutsche Bank boosted their target price on South32 from GBX 170 ($2.40) to GBX 180 ($2.54) and gave the stock a “sell” rating in a research report on Monday, January 15th. Barclays boosted their target price on South32 from GBX 245 ($3.46) to GBX 265 ($3.75) and gave the stock an “overweight” rating in a research report on Monday, January 8th. Macquarie reissued a “neutral” rating and issued a GBX 210 ($2.97) target price on shares of South32 in a research report on Friday, February 2nd. Finally, Liberum Capital reissued a “sell” rating and issued a GBX 90 ($1.27) target price on shares of South32 in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. South32 presently has a consensus rating of “Hold” and a consensus target price of GBX 185 ($2.61).

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Shares of S32 traded up GBX 8.70 ($0.12) during trading hours on Monday, hitting GBX 195 ($2.76). The company had a trading volume of 12,276,442 shares, compared to its average volume of 3,660,000. South32 has a 52-week low of GBX 143.25 ($2.02) and a 52-week high of GBX 236 ($3.34).

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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.

Analyst Recommendations for South32 (LON:S32)

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