South32 (LON:S32) Given “Sell” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their sell rating on shares of South32 (LON:S32) in a research report released on Friday morning, MarketBeat.com reports. The firm currently has a GBX 120 ($1.51) target price on the stock.

Several other analysts have also commented on S32. Royal Bank of Canada lowered their price objective on shares of South32 from GBX 380 ($4.80) to GBX 370 ($4.67) and set an “outperform” rating on the stock in a research report on Friday, August 30th. Citigroup cut shares of South32 to a “neutral” rating in a report on Thursday.

South32 Price Performance

LON S32 opened at GBX 168.80 ($2.13) on Friday. The business’s fifty day moving average is GBX 187.24 and its 200-day moving average is GBX 178.82. The stock has a market capitalization of £7.61 billion, a price-to-earnings ratio of -1,534.55, a PEG ratio of 7.26 and a beta of 0.91. South32 has a one year low of GBX 141.50 ($1.79) and a one year high of GBX 209.60 ($2.65).

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.