Analysts Offer Insights on Materials Companies: Nufarm Limited (OtherNUFMF) and Fortescue Metals Group Ltd (OtherFSUMF)
Analysts have been eager to weigh in on the Materials sector with new ratings on Nufarm Limited (NUFMF – Research Report) and Fortescue Metals Group Ltd (FSUMF – Research Report).
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Nufarm Limited (NUFMF)
Bell Potter analyst Jonathan Snape maintained a Buy rating on Nufarm Limited yesterday and set a price target of A$3.60. The company’s shares closed last Tuesday at $1.49.
According to TipRanks.com, Snape is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nufarm Limited with a $2.14 average price target.
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Fortescue Metals Group Ltd (FSUMF)
Morgan Stanley analyst Rahul Anand maintained a Sell rating on Fortescue Metals Group Ltd today and set a price target of A$19.00. The company’s shares closed last Tuesday at $15.06.
According to TipRanks.com, Anand is a 5-star analyst with an average return of
Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $14.30, representing a -5.0% downside. In a report issued on January 22, Macquarie also maintained a Sell rating on the stock with a A$21.00 price target.
