OzForex downgraded to Hold
Recommendation
OFX Group Limited -
OFX
Buy
below 2.50
Hold
up to 4.00
Sell
above 4.00
HOLD at $2.61
Current price
$1.56 at 16:40 (23 April 2024)
Price at review
$2.61 at (27 November 2014)
Max Portfolio Weighting
3%
Business Risk
High
Share Price Risk
High
All Prices are in AUD ($)
We noted in yesterday's OzForex: Interim result 2015 (Buy – $2.49) that OzForex's share price was sitting close to our Buy price and that 'given the risks we'll be looking to downgrade to Hold if it gets much higher'. It's now risen another 5%, so we're duly 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.
Recommendation
OFX Group Limited -
OFX
Buy
below 2.50
Hold
up to 4.00
Sell
above 4.00
HOLD at $2.61
Current price
$1.56 at 16:40 (23 April 2024)
Price at review
$2.61 at (27 November 2014)
Max Portfolio Weighting
3%
Business Risk
High
Share Price Risk
High
All Prices are in AUD ($)
People who read this, also read...