In a report released yesterday, Siddharth Parameswaran from J.P. Morgan downgraded GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh to a Hold, with a price target of A$1.65. The company’s shares closed yesterday at A$1.74.
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According to TipRanks, Parameswaran is a 4-star analyst with an average return of 7.3% and a 65.17% success rate. Parameswaran covers the Financial sector, focusing on stocks such as ASX , Perpetual Limited, and Insurance Australia Group Limited.
Currently, the analyst consensus on GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh is a Moderate Buy with an average price target of A$1.93, implying an 11.24% upside from current levels. In a report released on February 8, Morgan Stanley also downgraded the stock to a Hold with a A$1.75 price target.
Based on GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$403.04 million and a net profit of A$230.16 million. In comparison, last year the company earned a revenue of A$363.13 million and had a net profit of A$201.2 million
