An interesting quick note from the "fool"
HUB24 Ltd (ASX: HUB)A note out of Goldman Sachs reveals that its analysts have retained their buy rating but reduced the price target on this investment platform company’s shares to $14.60. According to the note, the broker was disappointed with HUB24’s half year results but believes this was caused by management focusing on its long term opportunities rather than short term gains. Overall, it remains positive on HUB24 due to its belief that it is well-placed to benefit from a continued trend in inflows across the market towards independent platforms. This is expected to be led by a shift from advisers away from the vertically integrated models of the incumbent wealth managers. I think Goldman Sachs is spot on here and feel it could be worth seizing on its recent share price weakness.
Source: https://www.********.au/2019/03/03/top-brokers-name-3-asx-shares-to-buy-next-week-16/
I don't have access to the GS analyst report but interesting read if anyone has access?
Looking at the chart, it seems to have found a bottom and consolidating in the current price channel, with my short term target of $13.70
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$51.53 |
Change
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 848 | 51.050 |
2 | 2971 | 51.000 |
1 | 185 | 50.870 |
1 | 88 | 50.640 |
Price($) | Vol. | No. |
---|---|---|
51.590 | 1099 | 1 |
51.650 | 1099 | 1 |
51.710 | 1099 | 1 |
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