Home Consortium Ltd (HMC) Receives a Hold from Morgan Stanley
In a report released today, Simon Chan from Morgan Stanley maintained a Hold rating on Home Consortium Ltd (HMC – Research Report), with a price target of A$6.30. The company's shares opened today at A$5.34.
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According to TipRanks, Chan is a 2-star analyst with an average return of -0.3% and a 41.91% success rate. Chan covers the Real Estate sector, focusing on stocks such as Scentre Group, Dexus, and Lendlease Group.
In addition to Morgan Stanley, Home Consortium Ltd also received a Hold from Morgans's Fiona Buchanan in a report issued on May 7. However, on May 18, Jefferies initiated coverage with a Buy rating on Home Consortium Ltd (ASX: HMC).
HMC market cap is currently A$2.35B and has a P/E ratio of 10.06.
Based on the recent corporate insider activity of 19 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 HMC in relation to earlier this year.
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