Deutsche Bank Reiterates “Hold” Rating for Arrium (ARI)
Arrium (ASX:ARI)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Friday, American Banking News reports. They currently have a $1.48 target price on the stock.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Arrium to a “neutral” rating in a research note on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of A$1.57 ($1.46).
Arrium (ASX:ARI) opened at 1.330 on Friday. Arrium has a 52 week low of A$0.675 and a 52 week high of A$1.875. The stock has a 50-day moving average of A$1.37 and a 200-day moving average of A$1.5.
Arrium Limited is an international mining and materials company. The Company’s principal activities are mining and supply of iron ore and other steelmaking raw materials to steel mills internationally and in Australia; the manufacture and supply of mining consumables products globally; the manufacture and distribution of steel long products and recycling of ferrous and non-ferrous scrap metal.
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