Morningstar Upgrades APA Group to Fair Value (APA)
APA Group (ASX:APA) was upgraded by equities research analysts at Morningstar to a “fair value” rating in a research note issued to investors on Monday, AmericanBankingNews.com reports. The firm currently has a $6.00 price objective on the stock.
Separately, analysts at Credit Suisse cut their price target on shares of APA Group from $6.10 to $5.90 in a research note to investors on Thursday, October 10th. They now have an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of A$5.81 ($5.19).
APA Group (ASX:APA) traded up 0.83% during mid-day trading on Monday, hitting A$6.050. 1,047,207 shares of the company’s stock traded hands. APA Group has a one year low of A$5.420 and a one year high of A$6.970. The stock has a 50-day moving average of A$6.0 and a 200-day moving average of A$6.02.
APA Group (ASX:APA) comprises two investment schemes, Australian Pipeline Trust and APT.
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