James Hardie Industries Upgraded to “Buy” by Bank of America Corp. (JHX)
James Hardie Industries (ASX:JHX) was upgraded by equities researchers at Bank of America Corp. from a “hold” rating to a “buy” rating in a research report issued on Friday, AnalystRatings.Net reports.
A number of other firms have also recently commented on JHX. Analysts at Morningstar reiterated a “hold” rating on shares of James Hardie Industries (ASX:JHX) in a research note to investors on Thursday, August 29th.
Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of A$8.67 ($7.96).
James Hardie Industries (ASX:JHX) traded down 0.79% during mid-day trading on Friday, hitting A$10.070. 1,590,996 shares of the company’s stock traded hands. James Hardie Industries has a 52-week low of A$0.000 and a 52-week high of A$0.000. The stock’s 50-day moving average is A$0.0 and its 200-day moving average is A$0.0. The company has a market cap of A$4.452 billion and a P/E ratio of 38.01.
James Hardie Industries plc, formerly James Hardie Industries SE, is a manufacturer of fiber cement products and systems for internal and external building construction applications in the United States, Australia, New Zealand, and the Philippines.
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