Morgan Stanley Sticks to Its Buy Rating for Paladin Energy Ltd (PALAF)
Morgan Stanley analyst Rahul Anand maintained a Buy rating on Paladin Energy Ltd today and set a price target of A$13.65.
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Anand covers the Basic Materials sector, focusing on stocks such as South32, Rio Tinto Limited, and Lynas Rare Earths . According to TipRanks, Anand has an average return of 13.7% and a 57.45% success rate on recommended stocks.
In addition to Morgan Stanley, Paladin Energy Ltd also received a Buy from Bell Potter’s Regan Burrows in a report issued today. However, on the same day, Macquarie maintained a Hold rating on Paladin Energy Ltd (Other OTC: PALAF).
PALAF market cap is currently A$6.18B and has a P/E ratio of -41.88.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PALAF in relation to earlier this year.
Read More on PALAF:
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- Paladin Energy flags risks and reporting caveats in March quarter materials
- Paladin lifts uranium output and guidance as Canadian PLS project clears key approval
- Paladin Energy flags isolated administrative lapse in director interest disclosure
- Paladin Energy Sets 22 April Date for March-Quarter Results and Investor Call
- Paladin director Anne Templeman-Jones acquires first stake in company
