Fortescue Metals Group Ltd (FSUMF) Receives a Hold from Morgans
In a report released today, Adrian Prendergast from Morgans maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$21.10.
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Prendergast covers the Energy sector, focusing on stocks such as Amplitude Energy, Santos Limited, and Beach Energy . According to TipRanks, Prendergast has an average return of 19.5% and a 62.09% success rate on recommended stocks.
In addition to Morgans, Fortescue Metals Group Ltd also received a Hold from UBS’s Lachlan Shaw in a report issued on March 29. However, on April 9, Jarden maintained a Sell rating on Fortescue Metals Group Ltd (Other OTC: FSUMF).
FSUMF market cap is currently A$62.35B and has a P/E ratio of 5.80.
Based on the recent corporate insider activity of 11 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 FSUMF in relation to earlier this year.
Read More on FSUMF:
Disclaimer & DisclosureReport an Issue
- Fortescue Fast-Tracks Industrial Green Grid to Cut Diesel and Costs
- Fortescue Director Boosts Shareholding via Dividend Reinvestment Plan
- Fortescue director Mark Barnaba lifts stake via dividend reinvestment
- Fortescue Updates Dividend Reinvestment Plan Allocation Price for Interim Payout
- Fortescue Sets Dividend Reinvestment Plan Price at A$19.25 a Share
