South32 (LON:S32) Cut to Neutral at Citigroup

South32 (LON:S32) was downgraded by investment analysts at Citigroup to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada reduced their price objective on shares of South32 from GBX 380 ($4.80) to GBX 370 ($4.67) and set an “outperform” rating for the company in a research report on Friday, August 30th. Canaccord Genuity Group upped their price target on shares of South32 from GBX 115 ($1.45) to GBX 120 ($1.51) and gave the company a “sell” rating in a research note on Wednesday, November 13th.

South32 Stock Down 1.1 %

LON:S32 opened at GBX 168.80 ($2.13) on Thursday. South32 has a 12-month low of GBX 141.50 ($1.79) and a 12-month high of GBX 209.60 ($2.65). The firm has a market capitalization of £7.61 billion, a price-to-earnings ratio of -1,534.55, a P/E/G ratio of 7.26 and a beta of 0.91. The stock’s 50 day moving average price is GBX 187.24 and its two-hundred day moving average price is GBX 178.82.

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.