DuluxGroup Limited Downgraded by Morningstar to “Sell” (DLX)
DuluxGroup Limited (ASX:DLX) was downgraded by equities researchers at Morningstar to a “sell” rating in a research report issued on Friday, American Banking News reports. They currently have a $5.50 price objective on the stock.
DLX has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of DuluxGroup Limited in a research note to investors on Sunday, December 1st.
Shares of DuluxGroup Limited (ASX:DLX) traded down 0.37% during mid-day trading on Friday, hitting A$5.380. The stock had a trading volume of 335,415 shares. DuluxGroup Limited has a 52 week low of A$3.950 and a 52 week high of A$5.770. The stock’s 50-day moving average is A$5.39 and its 200-day moving average is A$5.01.
DuluxGroup Limited is engaged in manufacturing, marketing, selling and distributing of paints and other surface coatings to consumers and professionals in the Australian and New Zealand decorative markets; home improvement products and garden care products to consumers and professionals in New Zealand; and coatings and home improvement products in Papua New Guinea, China and South East Asia, as well as powder and industrial coatings in New Zealand.
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