Canaccord Genuity Group Reiterates Sell Rating for South32 (LON:S32)

South32 (LON:S32 - Get Free Report)'s stock had its "sell" rating reaffirmed by stock analysts at Canaccord Genuity Group in a research report issued on Friday, Marketbeat Ratings reports. They presently have a GBX 120 ($1.51) price target on the stock. Canaccord Genuity Group's price objective would suggest a potential downside of 28.91% from the stock's previous close.

S32 has been the topic of several other research reports. Royal Bank of Canada lowered their price target on shares of South32 from GBX 380 ($4.80) to GBX 370 ($4.67) and set an "outperform" rating on the stock in a report on Friday, August 30th. Citigroup downgraded shares of South32 to a "neutral" rating in a report on Thursday.

South32 Stock Down 1.1 %

LON:S32 traded down GBX 1.80 ($0.02) on Friday, hitting GBX 168.80 ($2.13). The stock had a trading volume of 407,390 shares, compared to its average volume of 478,537. The business's 50-day simple moving average is GBX 186.76 and its two-hundred day simple moving average is GBX 178.75. The stock has a market cap of £7.61 billion, a price-to-earnings ratio of -1,534.55, a price-to-earnings-growth ratio of 7.26 and a beta of 0.91. South32 has a 52-week low of GBX 141.50 ($1.79) and a 52-week high of GBX 209.60 ($2.65).

South32 Company Profile

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.