Morningstar Downgrades DuluxGroup Limited to Sell (DLX)
DuluxGroup Limited (ASX:DLX) was downgraded by stock analysts at Morningstar to a “sell” rating in a report issued on Sunday, Analyst Ratings News reports. They currently have a $5.50 target price on the stock.
DuluxGroup Limited (ASX:DLX) opened at 5.350 on Friday. DuluxGroup Limited has a 1-year low of A$3.950 and a 1-year high of A$5.770. The stock’s 50-day moving average is A$5.40 and its 200-day moving average is A$5.05.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of DuluxGroup Limited in a research note to investors on Sunday, December 1st.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.