JPMorgan Chase Reaffirms Neutral Rating on Harvey Norman Holdings (HVN)
Harvey Norman Holdings (ASX: HVN)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase in a note issued to investors on Tuesday. They currently have a $2.38 (2 AUD) target price on the stock.
Shares of Harvey Norman Holdings remained flat at A$1.985 during during mid-day trading trading on Tuesday. Harvey Norman Holdings has a 52 week low of A$1.780 and a 52 week high of A$2.250. The stock’s 50-day moving average is currently A$1.97. The company has a market cap of A$2.109 billion and a P/E ratio of 12.25.
HVN has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Harvey Norman Holdings in a research note to investors on Monday, January 21st. They now have a $1.97 price target on the stock. Separately, analysts at Macquarie reiterated an “underperform” rating on shares of Harvey Norman Holdings in a research note to investors on Tuesday, January 15th. They now have a $1.71 price target on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Harvey Norman Holdings in a research note to investors on Friday, December 7th. They now have a $1.78 price target on the stock.
Harvey Norman Holdings Limited (HNHL) is an Australia-based company. The principal activities of the Company are that of an integrated retail, franchise and property enterprise, including franchisor; sale of furniture, bedding, computers, communications and consumer electrical products in New Zealand, Slovenia, Republic of Ireland, Northern Ireland and Croatia; property investment; leasing of premises to Harvey Norman franchisees and other third parties; media placement, and provision of consumer finance and other commercial advances.
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