Morgan Stanley analyst Andrew Scott maintained a Buy rating on James Hardie (JHIUF – Research Report) today and set a price target of A$55.00. The company’s shares closed last Monday at $23.76.

Scott covers the Basic Materials sector, focusing on stocks such as James Hardie, Bluescope Steel Limited, and Orica Limited. According to TipRanks, Scott has an average return of 6.1% and a 54.01% success rate on recommended stocks.

In addition to Morgan Stanley, James Hardie also received a Buy from Bank of America Securities’s Shaurya Visen in a report issued on March 28. However, on April 1, Macquarie maintained a Hold rating on James Hardie (Other OTC: JHIUF).

The company has a one-year high of $46.00 and a one-year low of $22.50. Currently, James Hardie has an average volume of 62.26K.