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.
The Morgans Broker report still has PLS target price at $4.70....
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Last
$2.35 |
Change
-0.060(2.49%) |
Mkt cap ! $7.076B | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.45 | $2.31 | $41.61M | 17.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 445712 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 321633 | 63 |
View Market Depth
| Last trade - 15.09pm 10/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |