Morgans Sticks to Their Buy Rating for Peoplein Limited (PPE)
In a report released today, Liam Schofield from Morgans maintained a Buy rating on Peoplein Limited (PPE – Research Report), with a price target of A$1.05. The company's shares closed last Friday at A$0.71.
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According to TipRanks, Schofield is a 3-star analyst with an average return of 3.7% and a 51.79% success rate. Schofield covers the Real Estate sector, focusing on stocks such as Goodman Group, Dexus Industria REIT, and Centuria Office REIT.
Currently, the analyst consensus on Peoplein Limited is a Strong Buy with an average price target of A$1.05.
Based on Peoplein Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$572.56 million and a GAAP net loss of A$3.93 million. In comparison, last year the company earned a revenue of A$602.02 million and had a net profit of A$5.32 million
Based on the recent corporate insider activity of 6 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 PPE in relation to earlier this year.
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