Leighton Holdings Limited Given New $17.64 Price Target at Morningstar (LEI)
Morningstar upped their price target on shares of Leighton Holdings Limited (ASX:LEI) to $17.64 in a research note issued on Tuesday, American Banking and Market News reports. The firm currently has an “accumulate” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Leighton Holdings Limited in a research note to investors on Tuesday, October 22nd. Five analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of A$18.56 ($17.85).
Shares of Leighton Holdings Limited (ASX:LEI) traded down 1.25% on Tuesday, hitting A$17.420. 373,722 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$5.874 billion and a price-to-earnings ratio of 8.53.
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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