$2 or 90c from here. Take your pick.Bell Potter joins RBC in downgrading Cettire
Alex Gluyas
Bell Potter has downgraded Cettire to “hold” following its quarterly trading update released on Tuesday.
The broker highlighted that Cettire’s seasonally key second quarter has seen sales growth slow to 5 per cent due to “profit optimisation”.
That caused Bell Potter to alter its revenue forecasts for Cettire to factor in the slower sales growth, which the broker expects to extend for the rest of this quarter and into the third quarter.
Bell Potter left its price target unchanged at $2. The stock dived 12.4 per cent to $1.55.
RBC Capital Markets also cut Cettire to “underperform” on Wednesday with a price target of 90¢.
Ann: Profitable Q1 growth amid optimisation of operating settings, page-15
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Last
28.5¢ |
Change
0.035(14.0%) |
Mkt cap ! $108.6M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 29.0¢ | 25.0¢ | $2.699M | 9.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 212372 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 17993 | 1 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| CTT (ASX) Chart |