Adelaide Brighton Stock Rating Reaffirmed by CIMB (ABC)
Shares of Adelaide Brighton (ASX:ABC) traded down 0.29% on Friday, hitting A$3.450. 1,313,706 shares of the company’s stock traded hands. Adelaide Brighton has a 52-week low of A$3.150 and a 52-week high of A$4.395. The stock’s 50-day moving average is A$3.57 and its 200-day moving average is A$3.75. The company has a market cap of A$2.203 billion and a P/E ratio of 14.79.
Separately, analysts at Credit Suisse downgraded shares of Adelaide Brighton to an “underperform” rating in a research note on Sunday, August 10th. They now have a $3.55 price target on the stock, down previously from $3.60.
Adelaide Brighton Ltd is an Australia-based company engaged in the manufacture and distribution of cement, and cementitious products, lime, premixed concrete, aggregates, sand and concrete products.
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