South32 (LON:S32) Stock Rating Reaffirmed by Canaccord Genuity Group

South32 (LON:S32)‘s stock had its “sell” rating restated by equities research analysts at Canaccord Genuity Group in a research note issued on Thursday, MarketBeat reports. They presently have a GBX 55 ($0.73) price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential downside of 65.63% from the stock’s current price.

Separately, Citigroup reaffirmed a “neutral” rating on shares of South32 in a research report on Monday, June 17th.

South32 Price Performance

S32 stock opened at GBX 160 ($2.11) on Thursday. The stock has a market capitalization of £7.25 billion, a P/E ratio of -1,230.77, a P/E/G ratio of 18.09 and a beta of 0.93. The business has a 50-day moving average of GBX 169.07 and a 200-day moving average of GBX 172.12. South32 has a fifty-two week low of GBX 141.50 ($1.87) and a fifty-two week high of GBX 209.60 ($2.76).

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.