Credit Suisse Lowers APA Group Price Target to $5.90 (APA)
Equities researchers at Credit Suisse cut their price objective on shares of APA Group (ASX:APA) from $6.10 to $5.90 in a research report issued on Wednesday, American Banking & Market News reports. The firm currently has an “underperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of APA Group (ASX:APA) in a research note to investors on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of A$5.63 ($5.26).
Shares of APA Group (ASX:APA) traded up 1.02% on Wednesday, hitting A$5.960. 497,291 shares of the company’s stock traded hands. APA Group has a 52-week low of A$4.730 and a 52-week high of A$6.970. The stock’s 50-day moving average is A$5.95 and its 200-day moving average is A$6.14.
APA Group (ASX:APA) comprises two investment schemes, Australian Pipeline Trust and APT.
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