South32 (LON:S32) Cut to “Neutral” at Citigroup

Citigroup lowered shares of South32 (LON:S32) to a neutral rating in a research report sent to investors on Thursday, Marketbeat reports.

Several other brokerages have also recently issued reports on S32. Canaccord Genuity Group raised their price objective on South32 from GBX 115 ($1.45) to GBX 120 ($1.51) and gave the stock a “sell” rating in a research note on Wednesday, November 13th. Royal Bank of Canada cut 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 report on Friday, August 30th.

South32 Stock Down 1.1 %

S32 opened at GBX 168.80 ($2.13) on Thursday. The firm’s 50-day moving average price is GBX 186.76 and its 200-day moving average price is GBX 178.75. The company 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 52-week low of GBX 141.50 ($1.79) and a 52-week 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.