Citigroup Downgrades South32 (LON:S32) to Neutral

South32 (LON:S32) was downgraded by analysts at Citigroup to a “neutral” rating in a report issued on Tuesday, Digital Look reports.

Several other research analysts also recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of South32 from GBX 370 ($4.57) to GBX 350 ($4.32) and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Barclays reaffirmed an “overweight” rating and set a GBX 193 ($2.38) target price on shares of South32 in a research note on Thursday, February 29th.

South32 Trading Down 2.4 %

S32 stock traded down GBX 4.20 ($0.05) on Tuesday, hitting GBX 171.10 ($2.11). The company had a trading volume of 621,597 shares, compared to its average volume of 571,710. South32 has a 12-month low of GBX 143.40 ($1.77) and a 12-month high of GBX 225.50 ($2.79). The stock’s 50-day simple moving average is GBX 156.89 and its 200 day simple moving average is GBX 165.81. The stock has a market cap of £7.75 billion, a price-to-earnings ratio of -1,222.14, a P/E/G ratio of 4.40 and a beta of 0.92.

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.