It's funny how when a broker downgrades a stock everyone lambasts it. On the other hand, when a broker upgrades, everyone is over it like a rash as if the upgrade is a matter of fact.
People need to understand that it is still trading on a high multiple even on FY19 consensus estimates, which are by no means conservative. There is plenty of risk even at current valuations.
Good Old Bell Potter Downgrades from Buy to Hold, page-27
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Last
$5.71 |
Change
-0.060(1.04%) |
Mkt cap ! $4.134B | |||
| Open | High | Low | Value | Volume |
| $5.70 | $5.78 | $5.69 | $6.339M | 1.108M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $5.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.72 | 1701 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| A2M (ASX) Chart |