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UBS Sticks to Its Hold Rating for Platinum Asset Management Ltd (PIJ)

UBS Sticks to Its Hold Rating for Platinum Asset Management Ltd (PIJ)

UBS analyst Fraser Noye maintained a Hold rating on Platinum Asset Management Ltd today and set a price target of A$0.53. The company's shares closed last Monday at €0.26.
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According to TipRanks, Noye is a 2-star analyst with an average return of 17.5% and a 100.00% success rate.
In addition to UBS, Platinum Asset Management Ltd also received a Hold from Jarden's Elizabeth Miliatis in a report issued on July 7. However, yesterday, Bell Potter upgraded Platinum Asset Management Ltd (Frankfurt: PIJ) to a Buy.
Based on Platinum Asset Management Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €76.57 million and a net profit of €15.95 million. In comparison, last year the company earned a revenue of €97.91 million and had a net profit of €567.22 million
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