Virgin Australia Holdings Receives Reduce Rating from CIMB (VAH)
Virgin Australia Holdings (ASX:VAH)‘s stock had its “reduce” rating reaffirmed by CIMB in a research note issued on Sunday, American Banking and Market News reports. They currently have a $0.27 target price on the stock.
Virgin Australia Holdings (ASX:VAH) opened at 0.350 on Friday. 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 Bell Potter downgraded shares of Virgin Australia Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price 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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