Virgin Australia Holdings Lowered to “Hold” at Bell Potter (VAH)
Virgin Australia Holdings (ASX:VAH) was downgraded by stock analysts at Bell Potter from a “buy” rating to a “hold” rating in a report issued on Tuesday, Stock Ratings Network.com reports.
Virgin Australia Holdings (ASX:VAH) traded down 1.45% on Tuesday, hitting A$0.340. The stock had a trading volume of 882,775 shares. Virgin Australia Holdings has a 52 week low of A$0.280 and a 52 week high of A$0.480. The stock’s 50-day moving average is A$0.36 and its 200-day moving average is A$0.39.
A number of other analysts have also recently weighed in on VAH. Analysts at CIMB reiterated a “reduce” rating on shares of Virgin Australia Holdings in a research note on Friday. They now have a $0.27 price target on the stock. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of A$66.76 ($60.69).
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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