HUM 0.59% 85.5¢ humm group limited

Interesting that 4 brokers downgraded their numbers off the back...

  1. 4,924 Posts.
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    Interesting that 4 brokers downgraded their numbers off the back of the Macquarie conference, this would explain a level of continued selling, even though all of their price targets are above the current share price;

    UBS cut numbers by 3.6% and their price target to $2.17
    Citi cut numbers by 10% and their price target to $2.47
    Deutsche cut numbers by 3.7% and their price target to $2.60
    Macquarie cut numbers by 4.4% and their price target to $2.18

    I wonder if the lackluster retail sales numbers have anything to do with the selling or maybe the delays in launching their 'afterpay' style product?

    Technically it looks as though support in the share price won't be sustained until the $1.50 level.
 
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