South32 (LON:S32) Rating Lowered to Neutral at Citigroup

South32 (LON:S32) was downgraded by Citigroup to a “neutral” rating in a note issued to investors on Thursday, MarketBeat reports.

A number of other equities research analysts have also commented on S32. Royal Bank of Canada dropped their price objective on shares of South32 from GBX 380 ($4.80) to GBX 370 ($4.67) and set an “outperform” rating on the stock in a report on Friday, August 30th. Canaccord Genuity Group lifted their price target on South32 from GBX 115 ($1.45) to GBX 120 ($1.51) and gave the company a “sell” rating in a research note on Wednesday, November 13th.

South32 Stock Performance

LON S32 opened at GBX 168.80 ($2.13) on Thursday. South32 has a 52-week low of GBX 141.50 ($1.79) and a 52-week high of GBX 209.60 ($2.65). The business has a 50 day simple moving average of GBX 187.24 and a 200 day simple moving average of GBX 178.82. The stock has a market cap of £7.61 billion, a price-to-earnings ratio of -1,534.55, a PEG ratio of 7.26 and a beta of 0.91.

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.