Commonwealth Bank Increases Premier Investments Limited Price Target to $9.60 (PMV)
Commonwealth Bank lifted their price target on shares of Premier Investments Limited (ASX:PMV) from $8.40 to $9.60 in a research note issued on Friday. The firm currently has an “underweight” rating on the stock.
Shares of Premier Investments Limited (ASX:PMV) traded down 2.41% during mid-day trading on Friday, hitting A$8.510. The stock had a trading volume of 465,122 shares. Premier Investments Limited has a 52-week low of A$6.215 and a 52-week high of A$9.980. The stock has a 50-day moving average of A$8.89 and a 200-day moving average of A$8.50. The company has a market cap of A$1.322 billion and a price-to-earnings ratio of 7.62.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Premier Investments Limited in a research note on Friday, April 11th.
Premier Investments Limited operates a range of specialty retail fashion chains within the specialty retail fashion markets in Australia, New Zealand, Singapore, and through a joint venture entity in South Africa.
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