South32 (LON:S32) Rating Lowered to Neutral at Citigroup

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

Several other equities analysts have also recently commented on S32. Royal Bank of Canada reduced 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) price target on shares of South32 in a research report on Thursday, February 29th.

South32 Trading Up 0.4 %

Shares of LON S32 opened at GBX 171.80 ($2.12) on Tuesday. South32 has a 12-month low of GBX 143.40 ($1.77) and a 12-month high of GBX 224.50 ($2.77). The company has a market cap of £7.78 billion, a P/E ratio of -1,227.14, a P/E/G ratio of 4.40 and a beta of 0.92. The stock has a fifty day moving average price of GBX 157.43 and a 200 day moving average price of GBX 165.81.

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.