Ansell's price climbs
It was a regrettably short-lived buying opportunity but it's time to take a breather.
Recommendation
Ansell Limited -
ANN
Buy
below 16.50
Hold
up to 25.00
Sell
above 25.00
HOLD at $17.64
Current price
$24.71 at 13:35 (19 April 2024)
Price at review
$17.64 at (18 February 2016)
Max Portfolio Weighting
7%
Business Risk
Medium-Low
Share Price Risk
Medium
All Prices are in AUD ($)
Well, it was fun while it lasted. Glove and condom maker Ansell's share price has risen 14% since we initially upgraded it in Ansell: bad news, good news from 4 Feb 16 (Buy – $15.49). Thankfully our Growth and Equity Income portfolios managed to start small holdings in the stock at $15.05. But with a forward price-earnings ratio of around 13, we're downgrading Ansell to HOLD.
Note: The Intelligent Investor Growth and Equity Income portfolios own shares in Ansell. You can find out about investing directly in Intelligent Investor and InvestSMART portfolios by clicking here.
Disclosure: The author owns shares in Ansell.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
More information on Ansell Limited (ANN)
Recommendation
Ansell Limited -
ANN
Buy
below 16.50
Hold
up to 25.00
Sell
above 25.00
HOLD at $17.64
Current price
$24.71 at 13:35 (19 April 2024)
Price at review
$17.64 at (18 February 2016)
Max Portfolio Weighting
7%
Business Risk
Medium-Low
Share Price Risk
Medium
All Prices are in AUD ($)
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