South32 (LON:S32) Receives Sell Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their sell rating on shares of South32 (LON:S32 - Free Report) in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has a GBX 125 ($1.66) target price on the stock.

South32 Price Performance

Shares of S32 traded down GBX 0.60 ($0.01) on Thursday, hitting GBX 130 ($1.73). The company's stock had a trading volume of 254,060 shares, compared to its average volume of 357,795. The company has a market capitalization of £7.31 billion, a PE ratio of 91.34, a PEG ratio of 7.26 and a beta of 0.91. South32 has a fifty-two week low of GBX 117 ($1.56) and a fifty-two week high of GBX 209.60 ($2.79). The company has a 50 day moving average price of GBX 161.61 and a 200 day moving average price of GBX 173.72.

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.