South32 (LON:S32) Stock Price Down 0.1% – Should You Sell?

South32 Limited (LON:S32)’s stock price traded down 0.1% during mid-day trading on Friday . The stock traded as low as GBX 171.57 ($2.13) and last traded at GBX 172.20 ($2.14). 130,731 shares changed hands during trading, a decline of 63% from the average session volume of 351,403 shares. The stock had previously closed at GBX 172.40 ($2.14).

Analyst Upgrades and Downgrades

A number of research firms have recently commented on S32. Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 120 ($1.49) price target on shares of South32 in a report on Friday, December 13th. Citigroup downgraded South32 to a “neutral” rating in a research note on Thursday, December 12th. Finally, Canaccord Genuity Group reiterated a “sell” rating and set a GBX 120 ($1.49) price target on shares of South32 in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 200.75 ($2.49).

South32 Stock Down 0.1 %

The company has a market cap of £7.77 billion, a PE ratio of -1,565.45, a P/E/G ratio of 7.26 and a beta of 0.91. The stock has a 50-day moving average of GBX 180.71 and a 200-day moving average of GBX 175.52.

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.