The Morgans Broker report still has PLS target price at $4.70. So I wouldn't read too much into this as a driver for today's price action. This market reaction was always bound to happen at the first 'sniff' of pricing stability/weakness - that came with today's BMX auction which was actually a great result but able to be spun in a negative way. PLS ~$4 is clearly undervalued. The value traders will swoop soon enough. Even those that believe brokers PT's will start to get interested at these prices.
Ann: Results of BMX Auction, page-99
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.36 |
Change
-0.050(2.07%) |
Mkt cap ! $7.106B | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.45 | $2.31 | $66.76M | 28.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22020 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 189205 | 5 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |