Seven Group Holdings’s Hold Rating Reaffirmed at Morningstar (SVW)
Seven Group Holdings (ASX:SVW)‘s stock had its “hold” rating reiterated by analysts at Morningstar in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of Seven Group Holdings to $8.50 in a research note on Tuesday, March 25th. They now have an “equal weight” rating on the stock.
Shares of Seven Group Holdings (ASX:SVW) traded down 0.73% during mid-day trading on Tuesday, hitting A$8.180. 238,710 shares of the company’s stock traded hands. Seven Group Holdings has a 52 week low of A$6.375 and a 52 week high of A$9.900. The stock’s 50-day moving average is A$8.4 and its 200-day moving average is A$7.96. The company has a market cap of A$2.521 billion and a price-to-earnings ratio of 5.46.
Seven Group Holdings Limited is a diversified operating and investment company. The Company’s segment include WesTrac Australia, which is the Caterpillar dealer in Western Australia, New South Wales and the Australian Capital Territory, providing heavy equipment sales and support to customers; WesTrac China, which is the Caterpillar dealer in the North Eastern China provinces of Hebei, Liaoning, Heilongjiang, Jilin, Shanxi, Inner Mongolia and the municipalities of Beijing and Tianjin; AllightSykes, which represents its operations in the manufacture, assembly, sales and support of lighting, power generation and dewatering equipment, as well as distribution of Perkins engines, through National Hire’s investment in Allight Holdings Pty Ltd and The Sykes Group; Coates Hire, which represents its equity accounted investment in Coates Group Holdings Pty Limited, and Media investments, which relates to investments in listed and unlisted media organizations.
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