Leighton Holdings Limited’s “Underweight” Rating Reaffirmed at Morgan Stanley (LEI)
Leighton Holdings Limited (ASX:LEI)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued to investors on Sunday, American Banking News reports.
Shares of Leighton Holdings Limited (ASX:LEI) traded down 4.56% on Friday, hitting A$16.740. The stock had a trading volume of 35,377 shares. Leighton Holdings Limited has a 52-week low of A$14.710 and a 52-week high of A$24.290. The stock has a 50-day moving average of A$19.29 and a 200-day moving average of A$19.49. The company has a market cap of A$5.645 billion and a P/E ratio of 8.48.
Several other analysts have also recently commented on the stock. Analysts at Credit Agricole reiterated an “outperform” rating on shares of Leighton Holdings Limited (ASX:LEI) in a research note to investors on Friday, September 27th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of A$18.70 ($17.47).
Leighton Holdings Limited is an international contractor. It operates in more than 25 countries in Asia, the Middle East, Southern Africa and throughout Australia.
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