Macquarie Gives Underperform Rating to Fairfax Media Limited (FXJ)
Fairfax Media Limited (ASX: FXJ)‘s stock had its “underperform” rating reaffirmed by research analysts at Macquarie in a report released on Thursday. They currently have a $0.50 (0 AUD) target price on the stock.
Fairfax Media Limited traded down 1.05% on Thursday, hitting A$0.470. Fairfax Media Limited has a 1-year low of A$0.350 and a 1-year high of A$0.850. The company’s market cap is A$1.105 billion.
Separately, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Fairfax Media Limited in a research note to investors on Wednesday, October 24th. They now have a $0.51 price target on the stock.
Fairfax Media Limited is engaged in publishing of news, information and entertainment, advertising sales in newspaper, magazine and digital formats, and radio broadcasting.
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