Beach upgraded
Another energy share that will be on watch today isBeach Energy Ltd(ASX: BPT). That’s because Morgans has just upgraded the energy producer’s shares to an add rating with a $1.81 price target. Although it was disappointed with its quarterly update, Morgans believes the worst is now priced in. It said: “We think that the bad news ahead of BPT is already largely in the price and we move to an ADD rating (from HOLD) on valuation upside.”
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 20236 | 1.440 |
4 | 88096 | 1.435 |
3 | 41589 | 1.430 |
1 | 16236 | 1.425 |
1 | 16236 | 1.420 |
Price($) | Vol. | No. |
---|---|---|
1.450 | 219362 | 9 |
1.455 | 98275 | 3 |
1.460 | 31418 | 3 |
1.465 | 48036 | 5 |
1.470 | 44195 | 4 |
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