JPMorgan Chase cut shares of Amcor Limited (ASX: AMC) to an underweight rating in a research note issued to investors on Tuesday. The firm currently has $9.02 (9 AUD) target price on the stock.
A number of other firms have also recently commented on AMC. Analysts at Nomura reiterated a neutral rating on shares of Amcor Limited in a research note to investors on Friday, February 15th. They now have a $8.75 price target on the stock. Analysts at CIMB reiterated an outperform rating on shares of Amcor Limited in a research note to investors on Wednesday, December 5th. They now have a $8.67 price target on the stock.
Amcor Limited traded up 0.16% on Tuesday, hitting A$9.275. Amcor Limited has a 52-week low of A$6.720 and a 52-week high of A$8.090. The stock’s 50-day moving average is currently A$7.73. The company has a market cap of A$11.169 billion and a price-to-earnings ratio of 27.64.
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