Service Stream Limited (UFY) was downgraded to a Hold Rating at Ord Minnett | Markets Insider
In a report released today, Ian Munro from Ord Minnett downgraded Service Stream Limited (UFY – Research Report) to a Hold, with a price target of A$1.78. The company’s shares closed last Wednesday at €0.97.
In addition to Ord Minnett, Service Stream Limited also received a Hold from PAC Partners’s Shane Bannan in a report issued yesterday. However, on the same day, Citi maintained a Buy rating on Service Stream Limited (Frankfurt: UFY).
Based on Service Stream Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €1.15 billion and a net profit of €19.53 million. In comparison, last year the company earned a revenue of €1.09 billion and had a net profit of €10.75 million
Based on the recent corporate insider activity of 9 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 UFY in relation to earlier this year.
