Intelligent Investor

Myer downgraded

Unfortunately the buying opportunity in Myer lasted less than a month and, as we're reluctant to chase the stock, we're downgrading a notch.
By · 1 Dec 2015
By ·
1 Dec 2015 · 1 min read
Upsell Banner

Recommendation

Myer Holdings Limited - MYR
Buy
below 1.00
Hold
up to 1.50
Sell
above 1.50
Buy Hold Sell Meter
HOLD at $1.12
Current price
$0.71 at 16:40 (19 April 2024)

Price at review
$1.12 at (01 December 2015)

Max Portfolio Weighting
2%

Business Risk
Very High

Share Price Risk
Very High
All Prices are in AUD ($)

Myer's share price has continued to rise since our recent update in Myer: AGM 2015 on 20 Nov 15 (Speculative Buy – $1.03). The stock is now up 19% since Is Myer still a pariah? on 11 Nov 15 (Speculative Buy – $0.943). Consistent with the last update, we're downgrading to HOLD.

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.
Share this article and show your support
More information on Myer Holdings Limited (MYR)

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here