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

Citigroup Inc. cut shares of South32 Ltd (LON:S32) to a neutral rating in a research note released on Friday, July 21st, MarketBeat reports. Citigroup Inc. currently has GBX 170 ($2.21) price objective on the stock, down from their prior price objective of GBX 180 ($2.34).

Several other analysts have also recently weighed in on S32. HSBC Holdings plc cut shares of South32 to a hold rating and dropped their price target for the company from GBX 190 ($2.47) to GBX 175 ($2.27) in a research note on Friday, July 14th. BNP Paribas reissued a neutral rating and issued a GBX 177 ($2.30) price target on shares of South32 in a research note on Tuesday, March 28th. Barclays PLC reaffirmed an overweight rating and set a GBX 210 ($2.73) price objective on shares of South32 in a research report on Friday, July 14th. Deutsche Bank AG reaffirmed a hold rating and set a GBX 150 ($1.95) price objective on shares of South32 in a research report on Thursday, May 4th. Finally, Jefferies Group LLC cut shares of South32 to a hold rating and lowered their price objective for the stock from GBX 225 ($2.92) to GBX 170 ($2.21) in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 170.18 ($2.21).

Shares of South32 (LON S32) traded down 0.81% during mid-day trading on Friday, reaching GBX 184.25. The company had a trading volume of 728,054 shares. The company has a 50 day moving average price of GBX 172.63 and a 200 day moving average price of GBX 164.62. The company’s market capitalization is GBX 9.80 billion. South32 has a one year low of GBX 107.50 and a one year high of GBX 188.62.

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