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Macquarie downgrades Charter Hall Retail REIT (MQV) to a Sell

Macquarie downgrades Charter Hall Retail REIT (MQV) to a Sell

Business Insider20 hours ago
Macquarie analyst downgraded Charter Hall Retail REIT to a Sell today and set a price target of A$3.51. The company's shares closed last Friday at €2.10.
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Currently, the analyst consensus on Charter Hall Retail REIT is a Moderate Buy with an average price target of €2.27.
Based on Charter Hall Retail REIT's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €158.6 million and a net profit of €108.6 million. In comparison, last year the company earned a revenue of €109.4 million and had a GAAP net loss of €42.1 million
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