JB Hi-Fi Limited Earns Overweight Rating from Morgan Stanley (JBH)
Shares of JB Hi-Fi Limited (ASX:JBH) traded down 0.12% on Friday, hitting A$16.870. 404,881 shares of the company’s stock traded hands. JB Hi-Fi Limited has a 1-year low of A$16.480 and a 1-year high of A$23.130. The stock has a 50-day moving average of A$18.51 and a 200-day moving average of A$18.76. The company has a market cap of A$1.669 billion and a P/E ratio of 13.31.
A number of other firms have also recently commented on JBH. Analysts at Deutsche Bank reiterated a “hold” rating on shares of JB Hi-Fi Limited in a research note on Tuesday, July 8th. They now have a $20.00 price target on the stock.
JB Hi-Fi Limited (ASX:JBH) is engaged in the retailing of home consumer products from stand alone destination sites, shopping centre locations and its online stores.
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