South32 (OTCMKTS:SOUHY) Price Target Lowered to GBX 230 at UBS Group

South32 (OTCMKTS:SOUHY) had its price objective reduced by UBS Group from GBX 245 ($3.13) to GBX 230 ($2.93) in a report released on Friday morning, FlyOnTheWall reports.

Several other research firms have also recently commented on SOUHY. BMO Capital Markets lowered their target price on South32 from GBX 210 ($2.68) to GBX 200 ($2.55) in a research note on Thursday. Royal Bank of Canada lowered their target price on South32 from GBX 410 ($5.23) to GBX 400 ($5.10) in a research note on Friday. Barclays lowered their target price on South32 from GBX 200 ($2.55) to GBX 195 ($2.49) in a research note on Monday, July 10th. The Goldman Sachs Group cut South32 from a buy rating to a neutral rating in a research note on Monday, July 24th. Finally, Citigroup downgraded South32 from a buy rating to a neutral rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $256.00.

South32 Price Performance

SOUHY opened at $11.11 on Friday. South32 has a 12 month low of $11.00 and a 12 month high of $17.10. The business has a fifty day moving average price of $12.60 and a 200 day moving average price of $13.66.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.