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Citi Sticks to Their Sell Rating for Commonwealth Bank of Australia (CBA)

Published 1 month ago1 minute read

Citi analyst Brendan Sproules maintained a Sell rating on Commonwealth Bank of Australia (CBAResearch Report) today and set a price target of A$91.50. The company’s shares closed today at A$161.09.

Sproules covers the Financial sector, focusing on stocks such as ANZ Group Holdings, Bendigo & Adelaide Bank Ltd., and Macquarie Group Limited. According to TipRanks, Sproules has an average return of -2.8% and a 33.75% success rate on recommended stocks.

Commonwealth Bank of Australia has an analyst consensus of Strong Sell, with a price target consensus of A$107.85, a -33.05% downside from current levels. In a report released on January 28, J.P. Morgan also maintained a Sell rating on the stock with a A$111.00 price target.

CBA market cap is currently A$272B and has a P/E ratio of 28.67.

Based on the recent corporate insider activity of 22 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 CBA in relation to earlier this year.

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markets.businessinsider.com
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