Headwinds are building, comment analysts at Macquarie. They reduced their target to $3.50 (from $4.35 prior) and pulled back their recommendation to Neutral from Outperform.
The changes follow the release of March quarter financials, which showed lower production and increased sales. Earnings have been adjusted accordingly.
macquarie downgrade
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Last
$9.80 |
Change
-0.335(3.31%) |
Mkt cap ! $2.938B | |||
| Open | High | Low | Value | Volume |
| $9.87 | $9.90 | $9.70 | $12.88M | 1.317M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3739 | $9.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.80 | 3994 | 17 |
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| Last trade - 13.34pm 29/08/2024 (20 minute delay) ? |
| PDN (ASX) Chart |