Caltex Australia Limited Receives “Hold” Rating from Deutsche Bank (CTX)
Caltex Australia Limited (ASX:CTX)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a $18.40 price target on the stock.
Caltex Australia Limited (ASX:CTX) traded down 0.97% on Wednesday, hitting A$24.470. The stock had a trading volume of 374,760 shares. Caltex Australia Limited has a 52 week low of A$16.800 and a 52 week high of A$24.910. The stock’s 50-day moving average is A$22.71 and its 200-day moving average is A$21.58. The company has a market cap of A$6.607 billion and a price-to-earnings ratio of 12.59.
A number of other analysts have also recently weighed in on CTX. Analysts at Morningstar cut their EPS estimates on shares of Caltex Australia Limited in a research note on Friday. They now have a “fair value” rating and a $17.00 price target on the stock. They previously had a “reduce” rating on the stock.
Caltex Australia Limited is an Australia-based company. The Company is engaged in the purchase, refining, distribution and marketing of petroleum products, and the operation of convenience stores throughout Australia.
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