Amcor Limited’s Buy Rating Reaffirmed at Deutsche Bank (AMC)
Amcor Limited (ASX:AMC)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report released on Sunday, American Banking News.com reports. They currently have a $10.50 target price on the stock. The analysts noted that the move was a valuation call.
Amcor Limited (ASX:AMC) opened at 10.600 on Friday. Amcor Limited has a 1-year low of A$7.3492 and a 1-year high of A$10.680. The stock’s 50-day moving average is A$10.15 and its 200-day moving average is A$9.63. The company has a market cap of A$12.779 billion and a price-to-earnings ratio of 21.61.
Amcor Limited is an Australia-base packaging company. The Company offers solutions for the packaging industry.
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