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UBS Sticks to Their Buy Rating for South32 (S32)

Tipranks - Tipranks - Wed Mar 25, 5:44PM CDT

In a report released today, Lachlan Shaw from UBS maintained a Buy rating on South32, with a price target of A$5.20.

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Shaw covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Rio Tinto Limited, and Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh. According to TipRanks, Shaw has an average return of -2.8% and a 50.99% success rate on recommended stocks.

In addition to UBS, South32 also received a Buy from Morgan Stanley’s Rahul Anand in a report issued on March 17. However, on March 9, TipRanks – OpenAI reiterated a Hold rating on South32 (LSE: S32).

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The company has a one-year high of A$4.91 and a one-year low of A$2.47. Currently, South32 has an average volume of 18.5M.

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