Commonwealth Bank Lowers The Reject Shop Limited Price Target to $8.70 (TRS)
Equities researchers at Commonwealth Bank cut their price objective on shares of The Reject Shop Limited (ASX:TRS) from $10.00 to $8.70 in a research report issued on Friday. The firm currently has an “underweight” rating on the stock.
The Reject Shop Limited (ASX:TRS) traded down 1.36% on Friday, hitting A$8.730. The stock had a trading volume of 216,511 shares. The Reject Shop Limited has a 1-year low of A$7.950 and a 1-year high of A$18.470. The stock’s 50-day moving average is A$9.51 and its 200-day moving average is A$11.87. The company has a market cap of A$251.7 million and a price-to-earnings ratio of 15.58.
The Reject Shop Limited is engaged in retailing of discount variety merchandise. The Company offers a variety of general consumer merchandise, with focus on everyday needs, such as toiletries, cosmetics, home wares, personal care products, hardware, basic furniture, household cleaning products, kitchenware, confectionery and snack food, and lifestyle and seasonal merchandise, such as seasonal gifts, cards and wrapping, toys, leisure items and home decorations.
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