31/07/202010:47AM Dow JonesSandfire Resources Target Price Cut 2.2% to A$4.50/Share by Goldman Sachs>SFR.AU 31/07/202010:08AM Dow JonesSandfire Resources Target Price Cut 3.9% to A$6.10/Share by Morgan Stanley>SFR.AU 31/07/202010:04AM Dow JonesSandfire Resources Target Price Cut 3.5% to A$5.50/Share by Credit Suisse>SFR.AU 31/07/20209:57AM Dow JonesSandfire Resources Target Price Cut 7.1% to A$5.20/Share by Macquarie>SFR.AU 31/07/20209:38AM Dow JonesSandfire Resources Target Price Cut 3.6% to A$5.40/Share by Citi>SFR.AU 31/07/20209:01AM Dow JonesSandfire Resources Target Price Cut 5.0% to A$5.70/Share by UBS>SFR.AU
Above are the ASX announcements from this morning giving revised target prices for SFR from the various rating agencies. The average recommended target price is therefore :
At 11.34am today, SFR is trading at $4.71, well below the average target price. Even if you believe in the validity of the rating agency estimates, IMO, SFR looks like it has now been oversold.
All above IMHO, DYOR
SFR Price at posting:
$4.75 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)