Morgans downgrades Nufarm Limited (NUFMF) to a Hold
In a report released today, Belinda Moore from Morgans downgraded Nufarm Limited (NUFMF – Research Report) to a Hold, with a price target of A$2.78. The company's shares closed last Friday at $2.68.
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Moore covers the Basic Materials sector, focusing on stocks such as Orica Limited, Incitec Pivot , and Nufarm Limited. According to TipRanks, Moore has an average return of 5.1% and a 53.57% success rate on recommended stocks.
In addition to Morgans, Nufarm Limited also received a Hold from Morgan Stanley's Andrew Scott in a report issued today. However, on the same day, Bell Potter maintained a Buy rating on Nufarm Limited (Other OTC: NUFMF).
The company has a one-year high of $3.58 and a one-year low of $1.97. Currently, Nufarm Limited has an average volume of 130.
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