South32 (LON:S32) Downgraded by Citigroup to “Neutral”

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

Several other research analysts have also recently issued reports on the company. Barclays reissued an “overweight” rating and issued a GBX 193 ($2.38) price target on shares of South32 in a research note on Thursday, February 29th. Royal Bank of Canada dropped their price target on South32 from GBX 370 ($4.57) to GBX 350 ($4.32) and set an “outperform” rating on the stock in a research note on Wednesday, March 20th.

South32 Price Performance

Shares of LON S32 opened at GBX 171.80 ($2.12) on Tuesday. South32 has a 1-year low of GBX 143.40 ($1.77) and a 1-year high of GBX 224.50 ($2.77). The business’s fifty day moving average price is GBX 157.43 and its two-hundred day moving average price is GBX 165.81. The firm has a market capitalization of £7.78 billion, a PE ratio of -1,227.14, a P/E/G ratio of 4.40 and a beta of 0.92.

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.