Cabcharge Australia Limited Downgraded to “Underperform” at Credit Suisse (CAB)
Cabcharge Australia Limited (ASX:CAB) was downgraded by research analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a report released on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $66.30 target price on the stock.
Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Cabcharge Australia Limited (ASX:CAB) in a research note to investors on Friday, June 14th.
Cabcharge Australia Limited (ASX:CAB) remained flat at A$4.150 during during mid-day trading trading on Tuesday. The stock had a trading volume of 67,519 shares. Cabcharge Australia Limited has a one year low of A$3.570 and a one year high of A$5.980. The stock’s 50-day moving average is A$4.27 and its 200-day moving average is A$4.4. The company has a market cap of A$500.3 million and a P/E ratio of 8.25.
Cabcharge Australia Limited (ASX:CAB) is engaged in the provision of taxi related services in Australia , Through its interest in an associate company, the Company is also engaged in the provision of bus and coach services to customers in Australia.
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