Jarden Sticks to Its Buy Rating for Computershare Limited (CMSQF)

In a report released on October 4, Kieran Chidgey from Jarden maintained a Buy rating on Computershare Limited (CMSQFResearch Report), with a price target of A$29.45. The company’s shares closed last Thursday at $15.99.

According to TipRanks, Chidgey is an analyst with an average return of -3.4% and a 28.00% success rate. Chidgey covers the Financial sector, focusing on stocks such as ASX Limited, Suncorp Group Limited, and Insurance Australia Group Limited.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Computershare Limited with a $18.75 average price target, implying a 17.26% upside from current levels. In a report released on October 2, J.P. Morgan also maintained a Buy rating on the stock with a A$27.00 price target.

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CMSQF market cap is currently $9.9B and has a P/E ratio of 44.13.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Computershare Ltd. engages in the provision of investor services, plan services, communication services, business services, stakeholder relationship management services and technology services. It operates through the following segments: Asia; Australia and New Zealand; Canada; Continental Europe, Technology and Other; United Kingdom, Channel Islands, Ireland and Africa (UCIA); and United States. The Technology and Other segment comprises the provision of software, specializing in share registry and financial services. The company was founded by Christopher John Morris in 1978 and is headquartered in Melbourne, Australia.

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