South32 (LON:S32) Stock Price Down 0.1% – Time to Sell?

South32 Limited (LON:S32) shares fell 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). 130,731 shares traded hands during trading, a decline of 63% from the average session volume of 351,403 shares. The stock had previously closed at GBX 172.40 ($2.14).

Analyst Ratings Changes

Several research firms have weighed in on S32. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 120 ($1.49) price objective on shares of South32 in a research report on Friday, December 13th. Citigroup lowered shares of South32 to a “neutral” rating in a research report on Thursday, December 12th. 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 research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, South32 presently has an average rating of “Hold” and an average price target of GBX 200.75 ($2.49).

South32 Stock Performance

The business’s 50 day moving average is GBX 180.71 and its two-hundred day moving average is GBX 175.52. The firm has a market capitalization 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.

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.