JP Morgan rates GMG.AX (0.615, -0.015, -2.380%) as Overweight - The group has announced a capital raising for one of its wholesale funds and the broker sees the move as sensible given a desire to reduce balance sheet gearing to improve leverage. While the stock is trading above the broker's valuation it retains its Overweight rating relative to the REIT sector.
http://money.ninemsn.com.au/article.aspx?id=972719
jp morgan rate as overweight
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Last
$35.25 |
Change
-0.750(2.08%) |
Mkt cap ! $66.94B | |||
| Open | High | Low | Value | Volume |
| $35.85 | $36.13 | $35.25 | $65.51M | 1.847M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3254 | $35.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.37 | 636 | 2 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |