Citigroup Downgrades South32 (LON:S32) to Neutral

Citigroup downgraded shares of South32 (LON:S32) to a neutral rating in a research note released on Thursday morning, Marketbeat Ratings reports.

Other research analysts have also issued reports about the company. Canaccord Genuity Group raised their price target on South32 from GBX 115 ($1.45) to GBX 120 ($1.51) and gave the stock a “sell” rating in a research report on Wednesday, November 13th. Royal Bank of Canada cut their target price on shares of South32 from GBX 380 ($4.80) to GBX 370 ($4.67) and set an “outperform” rating on the stock in a research note on Friday, August 30th.

South32 Price Performance

Shares of S32 opened at GBX 168.80 ($2.13) on Thursday. The firm has a 50-day simple moving average of GBX 186.76 and a two-hundred day simple moving average of GBX 178.75. The stock has a market cap of £7.61 billion, a PE ratio of -1,534.55, a P/E/G ratio of 7.26 and a beta of 0.91. South32 has a 1-year low of GBX 141.50 ($1.79) and a 1-year high of GBX 209.60 ($2.65).

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. 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.