Citigroup Inc. Downgrades SEEK Limited to Sell (SEK)
SEEK Limited (ASX:SEK) was downgraded by Citigroup Inc. from a “hold” rating to a “sell” rating in a research note issued on Tuesday, AnalystRatingsNetwork reports.
SEK has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of SEEK Limited (ASX:SEK) in a research note to investors on Sunday. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of SEEK Limited (ASX:SEK) in a research note to investors on Sunday. They now have a $141.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of SEEK Limited (ASX:SEK) in a research note to investors on Friday, August 30th.
Four research analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus target price of A$141.00 ($129.36).
SEEK Limited (ASX:SEK) remained flat at A$11.360 during during mid-day trading trading on Tuesday. 2,503,833 shares of the company’s stock traded hands. SEEK Limited has a 52 week low of A$6.260 and a 52 week high of A$11.540. The stock has a 50-day moving average of A$9.36 and a 200-day moving average of A$9.76. The company has a market cap of A$3.836 billion and a price-to-earnings ratio of 12.87.
SEEK Limited is engaged advertising employment classifieds and related services on the Internet, and provision and distribution of vocational training and higher education courses.
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