Royal Bank of Canada
Analysts from the Royal Bank of Canada (RBC) – like Shaw – viewed Zip’s trading update positively, noting that although growth has slowed somewhat across its core business; its US, Quadpay business, beat on expectations. More positively still, RBC argued that the assumption is that:
‘Zip’s higher-quality customer profile to somewhat mitigate potential risks associated with government stimulus roll-off in the near term. We remain positive on the name given multiple growth options both domestically and offshore, and as the business continues to expand its presence in the Australia market.’
RBC has an Outperform rating and $10.00 price target on Zip, implying moderate upside from current price levels.
Royal Bank of CanadaAnalysts from the Royal Bank of Canada (RBC)...
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Last
$1.36 |
Change
-0.023(1.63%) |
Mkt cap ! $1.532B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.36 | $2.984M | 2.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 117836 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 18314 | 9 |
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| Last trade - 11.22am 21/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |