Morningstar Increases Adelaide Brighton Price Target to $3.75 (ABC)
Analysts at Morningstar raised their price target on shares of Adelaide Brighton (ASX:ABC) to $3.75 in a research report issued to clients and investors on Monday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock.
Shares of Adelaide Brighton (ASX:ABC) traded up 0.80% during mid-day trading on Monday, hitting A$3.780. The stock had a trading volume of 604,848 shares. Adelaide Brighton has a 52-week low of A$3.130 and a 52-week high of A$3.880. The stock’s 50-day moving average is A$3.65 and its 200-day moving average is A$3.55. The company has a market cap of A$2.398 billion and a price-to-earnings ratio of 16.23.
Adelaide Brighton Ltd is an Australia-based company engaged in the manufacture and distribution of cement, and cementitious products, lime, premixed concrete, aggregates, sand and concrete products.
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