Analysts Offer Insights on Financial Companies: ASX (OtherASXFF) and ANZ Group Holdings (OtherANZGF)
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ASX (ASXFF)
In a report released today, Nigel Pittaway from Citi maintained a Hold rating on ASX, with a price target of A$71.60. The company's shares closed last Monday at $46.03, close to its 52-week high of $46.35.
According to TipRanks.com, Pittaway is a 3-star analyst with an average return of 3.4% and a 56.9% success rate. Pittaway covers the Financial sector, focusing on stocks such as Insurance Australia Group Limited, QBE Insurance Group Limited, and Suncorp Group.
Currently, the analyst consensus on ASX is a Hold with an average price target of $44.70, a -2.9% downside from current levels. In a report issued on June 25, Macquarie also maintained a Hold rating on the stock with a A$66.00 price target.
ANZ Group Holdings (ANZGF)
Citi analyst Thomas Strong maintained a Hold rating on ANZ Group Holdings today and set a price target of A$27.50. The company's shares closed last Thursday at $22.14.
According to TipRanks.com, Strong is a 1-star analyst with an average return of -4.8% and a 39.3% success rate. Strong covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Macquarie Group Limited, and Bendigo & Adelaide Bank.
Currently, the analyst consensus on ANZ Group Holdings is a Hold with an average price target of $18.12, implying a -18.2% downside from current levels. In a report issued on June 24, Morgan Stanley also maintained a Hold rating on the stock with a A$26.50 price target.
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