Commonwealth Bank Reiterates Overweight Rating for Amcor Limited (AMC)
Amcor Limited (ASX:AMC)‘s stock had its “overweight” rating restated by equities research analysts at Commonwealth Bank in a research note issued to investors on Monday. They currently have a $10.83 price target on the stock, up from their previous price target of $9.00.
Shares of Amcor Limited (ASX:AMC) traded up 0.59% during mid-day trading on Monday, hitting A$10.280. 109 shares of the company’s stock traded hands. Amcor Limited has a one year low of A$8.9609 and a one year high of A$10.890. The stock’s 50-day moving average is A$10.45 and its 200-day moving average is A$10.40. The company has a market cap of A$12.404 billion and a price-to-earnings ratio of 23.60.
A number of other analysts have also recently weighed in on AMC. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Amcor Limited in a research note on Sunday. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Amcor Limited in a research note on Wednesday, July 9th. They now have a $11.25 price target on the stock.
Amcor Limited is an Australia-based packaging company. The Company offers solutions for the packaging industry.
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