Adelaide Brighton Given New $3.75 Price Target at Morningstar (ABC)
Stock analysts at Morningstar lifted their price objective on shares of Adelaide Brighton (ASX:ABC) to $3.75 in a report issued on Tuesday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock.
Shares of Adelaide Brighton (ASX:ABC) traded up 1.93% on Tuesday, hitting A$3.690. The stock had a trading volume of 322,933 shares. Adelaide Brighton has a 52 week low of A$3.130 and a 52 week high of A$3.880. The stock has a 50-day moving average of A$3.66 and a 200-day moving average of A$3.57. The company has a market cap of A$2.341 billion and a P/E ratio of 15.67.
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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