South32’s (S32) “Sell” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their sell rating on shares of South32 (LON:S32) in a research report released on Friday morning, Marketbeat.com reports. The brokerage currently has a GBX 120 ($1.52) target price on the stock.

S32 has been the topic of several other research reports. Royal Bank of Canada decreased their price target on 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. Citigroup downgraded South32 to a “neutral” rating in a research note on Thursday.

South32 Trading Down 1.1 %

Shares of S32 stock opened at GBX 168.80 ($2.13) on Friday. The stock has a market cap of £7.61 billion, a P/E ratio of -1,534.55, a price-to-earnings-growth 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). The stock has a 50 day simple moving average of GBX 186.76 and a 200 day simple moving average of GBX 178.75.

South32 Company Profile

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.