South32 Ltd (LON:S32) Downgraded to Neutral at Citigroup Inc.

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

Several other research analysts have also recently commented on the stock. Macquarie reiterated an outperform rating and set a GBX 162 ($2.10) price target (down previously from GBX 230 ($2.99)) on shares of South32 in a report on Tuesday, March 28th. Jefferies Group LLC reiterated a buy rating and set a GBX 225 ($2.92) price target on shares of South32 in a report on Monday, May 15th. Liberum Capital reiterated a sell rating and set a GBX 90 ($1.17) price target on shares of South32 in a report on Wednesday, May 10th. Finally, Credit Suisse Group reiterated an outperform rating and set a GBX 180 ($2.34) price target on shares of South32 in a report on Tuesday, June 27th. 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 stock. The company has a consensus rating of Hold and an average price target of GBX 170.18 ($2.21).

South32 (LON S32) traded down 2.31% during midday trading on Friday, reaching GBX 180.00. 989,754 shares of the company were exchanged. The firm has a 50-day moving average price of GBX 173.13 and a 200-day moving average price of GBX 164.73. South32 has a 52 week low of GBX 107.50 and a 52 week high of GBX 188.62. The company’s market capitalization is GBX 9.57 billion.

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