Caltex Australia Limited Given “Reduce” Rating at Morningstar (CTX)
Caltex Australia Limited (ASX:CTX)‘s stock had its “reduce” rating reiterated by analysts at Morningstar in a research report issued to clients and investors on Tuesday, Stock Ratings News reports. They currently have a $16.90 target price on the stock.
Shares of Caltex Australia Limited (ASX:CTX) opened at 19.430 on Tuesday. Caltex Australia Limited has a 52 week low of A$16.800 and a 52 week high of A$23.770. The stock has a 50-day moving average of A$18.55 and a 200-day moving average of A$19.00. The company has a market cap of A$5.246 billion and a P/E ratio of 62.42.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Caltex Australia Limited in a research note to investors on Monday, October 21st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. Caltex Australia Limited has a consensus rating of “Hold” and a consensus target price of A$17.74 ($15.84).
Caltex Australia Limited is an Australia-based company. The Company is engaged in the purchase, refining, distribution and marketing of petroleum products, and the operation of convenience stores throughout Australia.
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