Platinum Asset Management Limited Stock Rating Upgraded by Bell Potter (PTM)
Platinum Asset Management Limited (ASX:PTM) was upgraded by research analysts at Bell Potter from a “hold” rating to a “buy” rating in a report released on Sunday, AnalystRatingsNetwork.com reports. The firm currently has a $5.60 price objective on the stock, down from their previous price objective of $6.20.
Shares of Platinum Asset Management Limited (ASX:PTM) opened at 5.540 on Friday. Platinum Asset Management Limited has a 52 week low of A$3.340 and a 52 week high of A$5.590. The stock’s 50-day moving average is A$5.13 and its 200-day moving average is A$4.70. The company has a market cap of A$3.203 billion and a price-to-earnings ratio of 24.60.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Platinum Asset Management Limited (ASX:PTM) in a research note to investors on Wednesday, September 4th. They now have a $129.10 price target on the stock.
Platinum Investment Management Limited, formerly Platinum Asset Management Limited, is a holding company of Platinum Investment Management Limited.
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