Morgan Stanley Reiterates Underweight Rating for Leighton Holdings Limited (LEI)
Leighton Holdings Limited (ASX:LEI)‘s stock had its “underweight” rating restated by research analysts at Morgan Stanley in a report released on Monday, Stock Ratings Network reports.
A number of other firms have also recently commented on LEI. Analysts at Credit Agricole reiterated an “outperform” rating on shares of Leighton Holdings Limited in a research note to investors on Friday, September 27th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of A$18.70 ($17.64).
Leighton Holdings Limited (ASX:LEI) traded down 0.06% on Monday, hitting A$17.410. 1,272,741 shares of the company’s stock traded hands. Leighton Holdings Limited has a one year low of A$14.710 and a one year high of A$24.290. The stock’s 50-day moving average is A$19.29 and its 200-day moving average is A$19.49. The company has a market cap of A$5.871 billion and a P/E ratio of 8.42.
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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