logo
ikeGPS Group Ltd (IKE) Gets a Buy from Shaw and Partners

ikeGPS Group Ltd (IKE) Gets a Buy from Shaw and Partners

In a report released today, Jules Cooper from Shaw and Partners maintained a Buy rating on ikeGPS Group Ltd, with a price target of A$1.30. The company's shares closed today at A$0.94.
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.
According to TipRanks, Cooper is a 3-star analyst with an average return of 2.8% and a 41.57% success rate. Cooper covers the Technology sector, focusing on stocks such as ikeGPS Group Ltd, Gentrack Group Ltd, and Hansen Technologies Limited.
In addition to Shaw and Partners, ikeGPS Group Ltd also received a Buy from Bell Potter's Michael Ardrey in a report issued today. However, on July 10, MA Financial Group downgraded ikeGPS Group Ltd (ASX: IKE) to a Hold.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ASX bull run hits sixth straight record day
ASX bull run hits sixth straight record day

Yahoo

time3 hours ago

  • Yahoo

ASX bull run hits sixth straight record day

Australia's stock market set an 'unprecedented' sixth straight day of record highs on the back of a strong start to earning season led by the major banks. The benchmark ASX 200 rose 20.70 points or 0.2 per cent to finish at 8,959.30 while the broader All Ordinaries finished 21.40 points or 0.23 per cent higher at 9,233.50. The Aussie dollar edged higher and was buying 65.14 US cents. On an overall strong day on the market, seven of the 11 sectors finished higher. The banking sector helped drive the market led by NAB shares which jumped 2.65 to $40.23 on strong quarterly results. CBA, was also up 1.2 per cent to $170.19 and Westpac gained 0.71 per cent to $37.07. ANZ was the outlier, down 1.54 per cent to $32.57. IG market analyst Tony Sycamore said the Australian market continued its record breaking run on the back of a strong start to the reporting season. 'I believe this is unprecedented,' he said. 'It's fair to say we continue to this historic run higher for the ASX200 and we are now not too far away from those 9000 levels which has come on the back of RBA rate cuts and a pretty solid start to reporting season.' Mr Sycamore cautioned while corporate Australia was so far showing strong results, it was usually the businesses with better results which reported at the start of the season. 'This is going to be the week where I think we probably start to see some of those seasonal tendencies around reporting season hold true, this should be the week where things start to get a little hairier,' he said. Materials were the main handbrake on the market with BlueScope Steel falling 3.14 per cent to $23.48. The major iron ore miner also slid. BHP fell 1.17 per cent to $41.47, Rio Tinto slid 1.52 per cent to $113.30 and Fortescue Metals dropped 0.60 per cent to $19.72 as investors feared iron ore prices could fall on the back of weak Chinese demand. On another busy day of reporting season, NAB announced cash earnings for the three months until the end of June of $1.77bn. It also flagged a spike in operating expenses due to a payroll problem that is estimated to cost $130m. Qantas was hit with a $90m fine after the federal court found it illegally outsourced 1820 jobs to prevent industrial action during the pandemic, with its shares falling 0.43 per cent to $11.58. Shares in Lendlease were the standout, as it soared 6.67 per cent to $5.92 on the back of announcing the business had returned to a $225m profit, compared with a $1.5bn loss in the previous year. Rail giant Aurizon shares jumped 1.83 per cent to $3.33 after it delivered $303m in net profits as well as 200 roles being made redundant. REA Group shares also gained 4.45 per cent to $261.42 after the Real Estate platform appointed Cameron McIntyre as chief executive to succeed long-serving boss Owen Wilson. BlueScope Steel fell after telling the market full year profits slumped to $83.8m down from $806m this time last year. DigiCo Infrastructure REIT dived 14.06to $2.75on inaugural financial results which showed earnings before interest, taxes, depreciation and amortisation came in at $99m. Outdoor advertising company oOh!media shares also slumped 10.17 per cent to $1.59 after net profits after tax came in at minus $11.3m. Online retailer Kogan shares fell 2.50 per cent to $3.90 due to writing down the goodwill for its Mighty Ape acquisition on poorer-than-expected trading performance and longer than anticipated recovery from the platform technology challenges following the October 2024 website update. Jeweller Michael Hill traded flat on the news Jonathan Waecker will take over as chief executive.

Canaccord Genuity Remains a Buy on Orezone Gold Corporation Registered Shs (ORE)
Canaccord Genuity Remains a Buy on Orezone Gold Corporation Registered Shs (ORE)

Business Insider

time5 hours ago

  • Business Insider

Canaccord Genuity Remains a Buy on Orezone Gold Corporation Registered Shs (ORE)

Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Orezone Gold Corporation Registered Shs on August 14 and set a price target of A$2.50. The company's shares closed last Friday at A$1.24. 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. Spencer covers the Basic Materials sector, focusing on stocks such as Liontown Resources Limited, Perseus Mining , and Iluka Resources Limited. According to TipRanks, Spencer has an average return of 7.3% and a 50.18% success rate on recommended stocks. The analyst consensus on Orezone Gold Corporation Registered Shs is currently a Hold rating.

Ventia Services Group Limited (VNT) Receives a Buy from Canaccord Genuity
Ventia Services Group Limited (VNT) Receives a Buy from Canaccord Genuity

Business Insider

time5 hours ago

  • Business Insider

Ventia Services Group Limited (VNT) Receives a Buy from Canaccord Genuity

Canaccord Genuity analyst Warren Jeffries maintained a Buy rating on Ventia Services Group Limited on August 15 and set a price target of A$5.65. The company's shares closed last Friday at A$5.50. 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. According to TipRanks, Jeffries is a 4-star analyst with an average return of 14.9% and a 59.60% success rate. Jeffries covers the Industrials sector, focusing on stocks such as Johns Lyng Group Ltd, Service Stream Limited, and MaxiPARTS Limited. In addition to Canaccord Genuity, Ventia Services Group Limited also received a Buy from RBC Capital's Nicholas Daish in a report issued on August 14. However, on August 15, Morgans maintained a Hold rating on Ventia Services Group Limited (ASX: VNT). Based on Ventia Services Group Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$3.02 billion and a net profit of A$118.8 million. In comparison, last year the company earned a revenue of A$2.89 billion and had a net profit of A$101.5 million

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store