Adelaide Brighton’s Hold Rating Reaffirmed at CIMB (ABC)
Adelaide Brighton (ASX:ABC) opened at 3.590 on Monday. Adelaide Brighton has a one year low of A$3.150 and a one year high of A$4.395. The stock’s 50-day moving average is A$3.58 and its 200-day moving average is A$3.74. The company has a market cap of A$2.292 billion and a P/E ratio of 15.60.
A number of other analysts have also recently weighed in on ABC. Analysts at Credit Suisse downgraded shares of Adelaide Brighton to an “underperform” rating in a research note on Monday, August 18th. 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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