South32 (LON:S32) Stock Price Down 2.3% - Time to Sell?

Key Points

• South32 Limited shares declined by 2.3% on Wednesday, trading as low as GBX 136 ($1.83) amid a drop in trading volume by 61% from the average.
• Analysts currently give the stock a consensus rating of "Hold", with a price target averaging GBX 206.67; one has rated it Buy, two Hold, and one Sell.
• South32 operates internationally in various sectors, including alumina and metallurgical coal, with a market capitalization of £7.73 billion and a PE ratio of 96.63.

South32 Limited (LON:S32 - Get Free Report) shares traded down 2.3% during mid-day trading on Wednesday . The company traded as low as GBX 136 ($1.83) and last traded at GBX 136.40 ($1.84). 132,286 shares changed hands during trading, a decline of 61% from the average session volume of 335,794 shares. The stock had previously closed at GBX 139.60 ($1.88).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "hold" rating and set a GBX 130 price objective on shares of South32 in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 206.67.

South32 Trading Up 0.4%

The firm has a fifty day simple moving average of GBX 143.23 and a two-hundred day simple moving average of GBX 149.18. The stock has a market cap of £7.80 billion, a PE ratio of 97.38, a PEG 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.