CSL nudges Sell price
Recommendation
CSL Limited -
CSL
Buy
below 45.00
Hold
up to 70.00
Sell
above 70.00
HOLD at $69.95
Current price
$287.92 at 16:40 (28 March 2024)
Price at review
$69.95 at (20 January 2014)
Max Portfolio Weighting
6%
Business Risk
Low
Share Price Risk
Medium
All Prices are in AUD ($)
CSL’s stock price has increased 29% over the past year and 105% since our initial Buy recommendation on 18 Mar 11 (Long Term Buy – $33.97), and is currently hovering around our Sell price of $70. That puts it on a seemingly expensive price-to-earnings ratio of 26, but as we're loath to let go of such a high quality company we want to analyse CSL’s interim results before considering a downgrade and selling the shares from our model Growth Portfolio. They're due on 12 Feb 14. The stock is up 4% since CSL's next gen a blood curdler from 10 Dec 13 (Hold – $67.39) and for now we're sticking with HOLD.
Note: The model Growth Portfolio owns shares in CSL.
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.
Recommendation
CSL Limited -
CSL
Buy
below 45.00
Hold
up to 70.00
Sell
above 70.00
HOLD at $69.95
Current price
$287.92 at 16:40 (28 March 2024)
Price at review
$69.95 at (20 January 2014)
Max Portfolio Weighting
6%
Business Risk
Low
Share Price Risk
Medium
All Prices are in AUD ($)
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