JP Morgan rates GMG.AX (0.615, -0.015, -2.380%) as Overweight - The group has announced a capital raising for one of its wholesale funds and the broker sees the move as sensible given a desire to reduce balance sheet gearing to improve leverage. While the stock is trading above the broker's valuation it retains its Overweight rating relative to the REIT sector.
http://money.ninemsn.com.au/article.aspx?id=972719
jp morgan rate as overweight
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Last
$33.25 |
Change
0.460(1.40%) |
Mkt cap ! $62.92B | |||
| Open | High | Low | Value | Volume |
| $32.99 | $33.29 | $32.58 | $26.45M | 801.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1455 | $33.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.26 | 360 | 8 |
View Market Depth
| Last trade - 13.00pm 28/08/2024 (20 minute delay) ? |
| GMG (ASX) Chart |