I'm not sure CEOChair, but it looks like someone is loading up while attempting to keep the price as low as they can while they do so.
Morningstar - Buy (Add to Porfolio - Premium)
Ord Minnett - Buy
CommSec - Buy
Macquarie - Strong Buy
Morgans - Strong Buy
Canaccord - Buy
Credit Suisse - Buy
Stockopedia
3 Buy recommendations
0 Hold
0 Sell
And get a load of this, go read the WSJ (Wall Street Journal) online, current broker ratings.
Buy 9
Hold 0
Sell 0
Consensus - Overweight
Stock price consensus target 60 cents
etc ... etc ... and so it goes on.
Anyone Shorting this stock is looking to get seriously burned, if all these broker ratings can be believed.
(Quote - FNArena)
" ....... Morgans believes now is a good time to accumulate the stock before the attractive earnings profile comes into focus ...... The consensus target is $0.433 ......... Targets range from $0.36 (Ord Minnett) to $0.55 (Macquarie) .......... "
(End Quote)
Exciting times ahead for SXY, and they deserve it. Well done to them.
Gw
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