Premier Investments Limited Rating Lowered to Neutral at Goldman Sachs Group Inc. (PMV)
Premier Investments Limited (ASX:PMV) was downgraded by equities researchers at Goldman Sachs Group Inc. to a “neutral” rating in a research report issued on Thursday, American Banking News reports. They currently have a $69.30 price target on the stock.
Premier Investments Limited (ASX:PMV) traded up 0.58% during mid-day trading on Thursday, hitting A$8.690. 163,710 shares of the company’s stock traded hands. Premier Investments Limited has a 1-year low of A$5.610 and a 1-year high of A$8.860. The stock’s 50-day moving average is A$7.99 and its 200-day moving average is A$7.74. The company has a market cap of A$1.350 billion and a P/E ratio of 7.78.
A number of other analysts have also recently weighed in on PMV. Analysts at Commonwealth Bank reiterated a “neutral” rating on shares of Premier Investments Limited (ASX:PMV) in a research note to investors on Friday, September 20th.
Premier Investments Limited (ASX:PMV) operates a number of specialty retail fashion chains within the specialty retail fashion markets in Australia, New Zealand and via a joint venture entity in South Africa.
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