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Netwealth Group Ltd. (NWL) was downgraded to a Hold Rating at Citi

Netwealth Group Ltd. (NWL) was downgraded to a Hold Rating at Citi

In a report released today, Siraj Ahmed from Citi downgraded Netwealth Group Ltd. to a Hold, with a price target of A$33.65. The company's shares opened today at A$33.41.
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According to TipRanks, Ahmed is a 5-star analyst with an average return of 11.7% and a 56.58% success rate. Ahmed covers the Technology sector, focusing on stocks such as Nextdc Limited, Wisetech Global, and Xero Limited.
Currently, the analyst consensus on Netwealth Group Ltd. is a Hold with an average price target of A$26.66.
NWL market cap is currently A$8.15B and has a P/E ratio of 79.87.
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