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Goldman Sachs Sticks to Their Hold Rating for Bapcor Ltd (0BS)

Goldman Sachs Sticks to Their Hold Rating for Bapcor Ltd (0BS)

Goldman Sachs analyst Elijah Mayr maintained a Hold rating on Bapcor Ltd (0BS – Research Report) on April 30 and set a price target of A$5.40. The company's shares closed last Friday at €2.82.
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According to TipRanks, Mayr is an analyst with an average return of -9.9% and a 29.23% success rate. Mayr covers the Consumer Cyclical sector, focusing on stocks such as G.U.D. Holdings, ARB Corporation , and Collins Foods .
In addition to Goldman Sachs, Bapcor Ltd also received a Hold from Citi's Sam Teeger in a report issued on April 29. However, on April 24, Jefferies maintained a Buy rating on Bapcor Ltd (Frankfurt: 0BS).
Based on Bapcor Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €1.01 billion and a net profit of €40.83 million. In comparison, last year the company earned a revenue of €1.02 billion and had a net profit of €46.94 million
Based on the recent corporate insider activity of 7 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 0BS in relation to earlier this year.
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