Morgans downgrades ANZ Group Holdings (ANZGF) to a Sell
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According to TipRanks, Lead is a 3-star analyst with an average return of 1.7% and a 53.85% success rate. Lead covers the Industrials sector, focusing on stocks such as Dalrymple Bay Infrastructure Ltd., Aurizon Holdings, and Cleanaway Waste Management.
The word on The Street in general, suggests a Hold analyst consensus rating for ANZ Group Holdings with a $17.79 average price target, a -2.41% downside from current levels. In a report released today, UBS also downgraded the stock to a Sell with a A$26.50 price target.
The company has a one-year high of $23.60 and a one-year low of $15.26. Currently, ANZ Group Holdings has an average volume of 5,872.
Based on the recent corporate insider activity of 22 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 ANZGF in relation to earlier this year.
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