Citi Reaffirms Their Buy Rating on CAR Group (WN6)
In a report released today, Siraj Ahmed from Citi maintained a Buy rating on CAR Group (WN6 – Research Report), with a price target of A$42.00.
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According to TipRanks, Ahmed is a 4-star analyst with an average return of 8.8% and a 54.17% success rate. Ahmed covers the Technology sector, focusing on stocks such as Wisetech Global, Nextdc Limited, and Xero Limited.
In a report released on April 22, Morgans also maintained a Buy rating on the stock with a A$40.80 price target.
Based on CAR Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €579.41 million and a net profit of €123.48 million. In comparison, last year the company earned a revenue of €530.96 million and had a net profit of €117.03 million
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