In a report released today, Donald Carducci from J.P. Morgan maintained a Buy rating on Nine Entertainment Co. Holdings Limited, with a price target of A$1.45. The company’s shares closed yesterday at A$1.16.
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Carducci covers the Consumer Cyclical sector, focusing on stocks such as Eagers Automotive Limited, Lottery Corporation Limited, and ARB Corporation . According to TipRanks, Carducci has an average return of 1.7% and a 57.45% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nine Entertainment Co. Holdings Limited with a A$1.70 average price target, which is a 46.55% upside from current levels. In a report released on September 11, Jefferies also upgraded the stock to a Buy with a A$1.90 price target.
NEC market cap is currently A$1.84B and has a P/E ratio of 17.84.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NEC in relation to earlier this year.