Virgin Australia Holdings Given “Reduce” Rating at CIMB (VAH)
Virgin Australia Holdings (ASX:VAH)‘s stock had its “reduce” rating restated by investment analysts at CIMB in a note issued to investors on Friday, Stock Ratings Network reports. They currently have a $0.27 price target on the stock.
Virgin Australia Holdings (ASX:VAH) remained flat at A$0.345 during trading on Friday. 1,310,049 shares of the company’s stock traded hands. Virgin Australia Holdings has a 1-year low of A$0.280 and a 1-year high of A$0.480. The stock’s 50-day moving average is A$0.36 and its 200-day moving average is A$0.40.
VAH has been the subject of a number of other recent research reports. Analysts at Bell Potter downgraded shares of Virgin Australia Holdings from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of A$66.76 ($59.60).
Virgin Australia Holdings Limited (ASX:VAH) is an Australia-based company engaged in the development and operation of domestic and international airlines.
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