Citigroup Downgrades South32 (LON:S32) to Neutral

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

Several other research firms also recently issued reports on S32. Barclays restated an “overweight” rating and set a GBX 193 ($2.38) price objective on shares of South32 in a report on Thursday, February 29th. Royal Bank of Canada lowered their price target on South32 from GBX 370 ($4.57) to GBX 350 ($4.32) and set an “outperform” rating for the company in a report on Wednesday, March 20th.

South32 Stock Performance

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

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.