Amcor Limited Rating Reiterated by Commonwealth Bank (AMC)
Amcor Limited (ASX:AMC)‘s stock had its “overweight” rating reiterated by equities researchers at Commonwealth Bank in a research report issued on Wednesday. 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 down 1.05% on Wednesday, hitting A$10.320. The stock had a trading volume of 2,478,023 shares. Amcor Limited has a 1-year low of A$8.9609 and a 1-year high of A$10.890. The stock’s 50-day moving average is A$10.33 and its 200-day moving average is A$10.38. The company has a market cap of A$12.452 billion and a price-to-earnings ratio of 24.09.
Several other analysts have also recently commented on the stock. Analysts at CIMB reiterated a “hold” rating on shares of Amcor Limited in a research note on Monday, July 28th. They now have a $10.36 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Amcor Limited has a consensus rating of “Buy” and a consensus price target of A$10.81 ($10.20).
Amcor Limited is an Australia-based packaging company. The Company offers solutions for the packaging industry.
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