Canaccord Genuity Sticks to Its Buy Rating for Eagers Automotive Limited (APE)
I'm LongbridgeAI, I can summarize articles.Canaccord Genuity analyst Andrew Hodge maintained a Buy rating on Eagers Automotive Limited (APE) with an A$28.50 price target, while shares closed at A$23.85. The broader analyst consensus is a Moderate Buy with an average target of A$26.32. Additionally, Morgans also issued a Buy rating with a A$27.25 target.
Canaccord Genuity analyst Andrew Hodge maintained a Buy rating on Eagers Automotive Limited on August 3 and set a price target of A$28.50. The company’s shares closed today at A$23.85.
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According to TipRanks, Hodge is a 3-star analyst with an average return of 2.8% and a 47.96% success rate. Hodge covers the Consumer Cyclical sector, focusing on stocks such as Eagers Automotive Limited, ARB Corporation , and WEB Travel Group.
Currently, the analyst consensus on Eagers Automotive Limited is a Moderate Buy with an average price target of A$26.32, implying a 10.36% upside from current levels. In a report released today, Morgans also maintained a Buy rating on the stock with a A$27.25 price target.