Commonwealth Bank Reiterates “Overweight” Rating for Amcor Limited (AMC)
Amcor Limited (ASX:AMC)‘s stock had its “overweight” rating restated by stock analysts at Commonwealth Bank in a report issued on Tuesday. They currently have a $10.83 target price on the stock, up from their previous target price of $9.00.
AMC has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Amcor Limited in a research note on Sunday, July 13th. 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.
Shares of Amcor Limited (ASX:AMC) traded up 0.29% during mid-day trading on Tuesday, hitting A$10.270. 3,430,078 shares of the company’s stock traded hands. Amcor Limited has a 52-week low of A$8.9609 and a 52-week high of A$10.890. The stock has a 50-day moving average of A$10.37 and a 200-day moving average of A$10.39. The company has a market cap of A$12.392 billion and a price-to-earnings ratio of 23.65.
Amcor Limited is an Australia-based packaging company. The Company offers solutions for the packaging industry.
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