Billabong International Receives Underweight Rating from JPMorgan Chase & Co. (BBG)
Billabong International (ASX:BBG)‘s stock had its “underweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, StockRatingsNetwork reports.
Shares of Billabong International (ASX:BBG) traded up 1.37% on Wednesday, hitting A$0.370. 1,909,874 shares of the company’s stock traded hands. Billabong International has a 1-year low of A$0.122 and a 1-year high of A$1.465. The stock’s 50-day moving average is A$0.49 and its 200-day moving average is A$0.48. The company’s market cap is A$175.6 million.
A number of other analysts have also recently weighed in on BBG. Analysts at CIMB reiterated a “neutral” rating on shares of Billabong International in a research note to investors on Friday, September 13th.
Billabong International Limited is an Australia-based company. The Company is engaged in the wholesaling and retailing of surf, skate, snow and sports apparel, accessories and hardware, and the licensing of its trademarks to specified regions of the world.
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