McAleese Receives Overweight Rating from JPMorgan Chase & Co. (MCS)
Shares of McAleese (ASX:MCS) traded down 4.00% on Wednesday, hitting A$0.480. 57,160 shares of the company’s stock traded hands. McAleese has a 52-week low of A$0.390 and a 52-week high of A$1.630. The stock has a 50-day moving average of A$0.5 and a 200-day moving average of A$0.91.
A number of other analysts have also recently weighed in on MCS. Analysts at Deutsche Bank downgraded shares of McAleese to a “buy” rating in a research note on Thursday, May 15th. They now have a $1.10 price target on the stock.
McAleese Limited (ASX:MCS) is an Australia-based company engaged in providing transport and logistics solutions.
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