In a market of constant downgrades on earnings it is interesting to note that CSFB has now come out and upgraded GLB from a neutral to an outperform.
The stock has fallen from grace dropping from well over to $2.00 to now being around 50c as i write.
With the downgrade the future earnings are now looking at a PE of 6-8 which in CSFB view merits the outperform status.
Its not so long ago that NCP did the same thing and everyone wanted to be short at $8.50 ,a few upgrades and US sentiment change on advertising and it is now $12.00.
The same may occur with GLB which is showing as oversold on the charts.
I am long GLB at 49.5c so speak to a broker and do your own ressearch.
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Last
$2.90 |
Change
-0.060(2.03%) |
Mkt cap ! $120.2M | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.95 | $2.90 | $15.93K | 5.493K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 244 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 3000 | 1 |
View Market Depth
| Last trade - 13.07pm 01/08/2025 (20 minute delay) ? |
| GLB (ASX) Chart |