Macquarie analyst maintained a Sell rating on Commonwealth Bank of Australia today and set a price target of A$106.00. The company’s shares opened today at A$167.67.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
In addition to Macquarie, Commonwealth Bank of Australia also received a Sell from Goldman Sachs’s Brendan Sproules in a report issued yesterday. However, on October 1, TR | OpenAI – 4o reiterated a Hold rating on Commonwealth Bank of Australia (ASX: CBA).
Based on Commonwealth Bank of Australia’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$55.97 billion and a net profit of A$4.98 billion. In comparison, last year the company earned a revenue of A$12.96 billion and had a net profit of A$4.65 billion
Based on the recent corporate insider activity of 16 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.
Read More on AU:CBA:
Disclaimer & DisclosureReport an Issue
- Commonwealth Bank of Australia initiated with a Sell at Goldman Sachs
- ASB Bank Settles Class Action with NZ$135 Million Agreement
- Commonwealth Bank of Australia: Director’s Interest Update
- Commonwealth Bank of Australia Updates Director’s Shareholding
- Commonwealth Bank Amends Pricing Supplement for Euro Debt Securities
/Technology%20abstract%20by%20TU%20IS%20via%20iStock.jpg)