South32 (LON:S32) Stock Price Down 0.1% – What’s Next?

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup cut South32 to a “neutral” rating in a research report on Thursday, December 12th. Canaccord Genuity Group restated a “sell” rating and set a GBX 120 ($1.49) price target on shares of South32 in a research report on Friday, December 13th. Finally, Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 120 ($1.49) price objective on shares of South32 in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 200.75 ($2.49).

South32 Trading Down 0.1 %

The firm has a fifty day moving average of GBX 180.71 and a two-hundred day moving average of GBX 175.52. The company has a market cap of £7.77 billion, a PE ratio of -1,565.45, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91.

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.